You have probably heard the term "Capital Gains Tax" before.  Likely, it was during a discussion about selling real estate or stock.  But have you wondered about what exactly Capital Gains are and how it could affect you? In this podcast I explain the concept of Capital Gains Tax, when you will have to pay it and (approximately) how much.  After listening to this podcast you will understand what sales trigger Capital Gains Tax, why long term Capital Gains Tax is more favorable than short term Capital Gains Tax and the tax percentage that applies to you. With this information you will be able to analyze your personal real estate and stock sales to minimize your income tax bill!