How Our Tax System Actually Works (For You)

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 24 June 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The US tax system is designed to increase your tax burden as you grow wealth… which is how it should be, but it can feel like a major buzz-kill if you’re kicking a** and climbing the financial ladder. But if you’re jumping tax brackets, it’s not game over for your income! Tune in to learn how the US’ progressive tax system helps keep more money in our pockets, and why tax brackets are kind of like Russian stacking dolls. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:08.8	That's a good one.
0:09.8	Dean and should I have a 401k because I don't do it?
0:12.6	No, I know.
0:14.1	What's that?
0:15.1	I don't think the whole world will revolve around you on your money.
0:17.6	What the fuck is that?
0:18.8	I got it.
0:19.8	Charge for wasting our time.
0:22.8	I got it.
0:23.8	I will take a check.
0:24.8	I got a full scoop.
0:26.5	Cool.
0:27.5	You recognize her from Anchoring on CNN, CNBC, and Bloomberg.
0:31.9	The only financial expert you don't need a dictionary to understand.
0:36.2	The cold lap in.
0:37.5	Today, I'm answering a question that I get a lot.
0:41.0	It's a question about taxes.
0:43.1	Yes, taxay has come and gone, and I bet you thought you were totally done so with taxes.
0:48.4	Nope.
0:49.7	Here they are.
	...

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