Are You Actually Wealthy? Understanding Tax Brackets

most people don't understand the bucket that they fall in so when they say for instance you know we need to tax the wealthy we need to tax these people most of the people that are listening they're talking about them but everybody feels less Rich than they really are so everybody feels like they're talking about people above me they're talking about people that make big money but they're really not when we talk about the rich the taxes start Rising very quickly around the $200,000 Mark you start hitting three four 500,000 that percentage in taxes that you pay is very high and really the people who make more and they say we're going to tax the wealthy those people have teams of strategists to avoid paying those taxes they have attorneys on their staff that are getting them out of those taxes [Music]