TAX BRACKETS: a Simple Guide for Beginners

In this video you'll discover what Tax Brackets are and learn how they work in a progressive tax system. We'll use Tax Brackets to calculate Tax Payable with an example and I'll explain the difference between Marginal Tax Rates and Effective Tax Rates.

⏱️TIMESTAMPS
00:00 - Tax Bracket Definition
00:20 - Example (Part 1)
03:03 - Progressive Income Tax
03:18 - Marginal Tax Rate
03:33 - Effective Tax Rate
03:56 - Example (Part 2)

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#tax #accounting #accountingstuff

[AccountingStuff]

What would you like me to cover next?

⏱TIMESTAMPS
00:00 - Tax Bracket Definition
00:20 - Example (Part 1)
03:03 - Progressive Income Tax
03:18 - Marginal Tax Rate
03:33 - Effective Tax Rate
03:56 - Example (Part 2)

[willyou]

I love how you summarize and present a topic with such clarity. Please do a topic on many ways of reducing tax pay legally.

[Nami-dqox]

You are the reason accounting basics are easy for me. Thank you for your service. Also a request: please go over accounting standards! Particularly financial instruments!

[TheGippy]

THANKS JAMES FOR ANOTHER GREAT VIDEO PLEASE DO MORE, YOUVE GOT THE PERFECT STYLE TO MAKE LEARNING FUN AND EASY

[archysamson]

I love how you use fantasy worlds I am familiar with to make this subject that is normally considered boring much more interesting. Great stuff! I ended up buying your cheat sheets right away as i knew they were high quality and I want to support such a great content creator.

[Yo_Kelz]

Bro... Ive been watching your videos whenever i take a cpa exam. You've been so helpful lol. THANK YOU!

[pecky]

And just like that I finished the entire Accounting basics playlist
Thank you James for making a complex module super easy to grasp . God bless you kind Sir.

[cs_adityasingh]

Please make a video on Cost Accounting

[hutchy]

Hi James, I’m from Uk like yourself and just making sure your videos apply to both Uk accounting and Canadian?
Thanks very much, I’m pretty new to this and beginning the aat course.

[accountingmaster]

Another excellent video done by James!.. James can you also cover accounting consolidation for a company? Thank you

[annestbanura-mgry]

You have made my accounting life easy. Thank you👍

[malikadeemsaeed]

Bro the way you teach Accounting is very impressive ❤

[SNONE]

Thanks to you, I passed my Accounting with a grade of 84. Too bad it was only one semester. It was already getting exciting.

[hsafi]

Thanks so much 🙏 appreciated, please makes a video on the realized and recognized gain and loss and how to make entries for them

[_aidid]

Thanks for making our lives easier with your simple explanation 👍🏻

[naomikibret]

Thank you again welcome back
You always help me pass my exams so BIG tnx

[beinghygge]

glad to know you are back!!! Your videos helped me a while back to pass some papers. To understand some of the basic stuffs in relation to financial statements.
Loveddd the examples on this 😉

[accountingmaster]

Hi James, can you do a video on Accounting Consolidation? Thanks!

[shlash]

Hi, I really like your videos 👌Could you do a video on the different consolidation methods?

[jaybclemons]

Awesome video, thank you for posting!