The drawback of this investment strategy is that once the capital gains tax is imposed, you are more likely to earn less profit than you might have expected. The reality is that long-term investments save more on capital gains taxes. A long-term investment is usually taxed at a lower rate, and you often pay no taxes on your capital gains, provided you are in the right tax bracket. Learn more about Nevada capital gains tax in this presentation
Gerald Dorn is a shareholder and has been a partner at Anderson, Dorn & Rader, Ltd. Since 1998. Mr. Dorn has extensive experience serving wealthy families and business owners in the development of estate, tax and asset protection planning strategies. He made the decision to focus his practice in the area of estate planning after witnessing the personal grief and financial loss suffered by several of his clients as a result of poor planning. These experiences motivated him to dedicate his professional life to assisting his clients to preserve their life’s work for their heirs and to create a lasting legacy for those they love. Mr. Dorn is able to accomplish his mission through the use of a vast number of estate planning tools, both basic and advanced, for all of his clients at Anderson, Dorn & Rader, Ltd.