Tax Brackets Explained For Beginners in The USA

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[shipped_my_pants_]

They shouldn't take out 22% until you reach 100, 000. That's a hundred percent increase in taxes for the middle class comparative to the poverty level. They literally want to keep the poor poor

[yoddy]

I as a 22 year old student had to teach my parents that not all the money gets taxed at the same rate. This stuff is so crucial to know.

[clearvaluetax]

Just to clarify because some people are confused and they're saying that I did not mention "the standard deduction". This video is about how "tax brackets work", not about "how taxes work". The starting point for tax brackets is "taxable income" not gross/total income (total income minus deductions = taxable income). I will make a video about "how taxes work" in addition to this video about "how tax brackets work".

[ATrading]

Thank you sir for your wise choice in teaching the masses about things basic school dosent.

[nanbolz]

YOU have the BEST and CLEAREST explanation so far.

[kendraylscott]

Thank you for breaking this info down in layman's terms for us Brian. You really are a God send bro. We need more ppl out here like you that are willing to help all of us lesser guys out. I watch almost every video you put out. Thanks for keeping us informed. We really appreciate it. 🤜🏿💥🤛🏿💯✌🏿

[awolsniper]

im 23 yrs old and getting ready to start a software engineering job and i am so glad i found this page because not only does it educate me on everything financial, but it will help me stay disciplined in terms of how i should be spending my money, thank you so much for your work !

[CaseyBurnsInvesting]

I have too many people saying they don’t want to work overtime because it will raise their taxes. Thanks for the evergreen breakdown.

[chrispitos]

Wow thanks for this, I was taught that the wrong way you mentioned…. Thinking I didn’t want to go to the next tax bracket 😓

[reread]

Thank you for clearly and concisely explaining tax income brackets.

[mathebulamkhize]

Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to manoeuvre in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere?

[bvu]

Thank you so much Brian, been following you for 2 years now and I have learned so much from you than my 16 years of schooling.

[wesjay]

This video was awesome! Well-crafted, and thought-out; it was cool that you added in the animations to display the information.

[mangoelvis]

These short and basic videos are awesome! Make more please

[OneJuanWon]

Best explanation of how tax brackets are structured - easy to understand and concise.

[cherryboo]

Thank you for this. I hope ppl that didn’t understand this before now will. I’ve heard ppl refusing raises or overtime bc they were afraid it would put them in a higher tax bracket.

[IamtheGL]

Thank you for the upload Brian, you're always making sure we're well informed!

[alishad]

You’re such a great teacher. I swear whenever you say have a nice day it warms my heart 💛 thank you for all of the content that you push out on a regular basis. It’s much appreciated!

[amrice]

Thanks for your easy to understand visual + explanation. Can you talk more about the tax is it based on gross or net?

[marcoshuerta]

Brian, thank you for always delivering clear and concise overviews of our current economy and other personal financial talking points.