#18 - Income Taxes: How does the progressive tax system actually work? Does extra income actually cause you to "jump up" tax brackets?

The Fiscal Physical Podcast

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Understand the secret sauce behind the U.S. tax system as we sit down with Ryan Nelson, the financial wizard from Alchemy Wealth Management and the brains behind "Your Fiscal Physical." We're unlocking the real story on tax brackets, dispelling myths left and right, and teaching you how your hard-earned dollars fill up the tax "buckets" one by one. You'll walk away from this conversation with the kind of knowledge that turns a daunting tax code into a series of manageable steps that could even play to your advantage when you know the ropes.
Our chat with Ryan doesn't just stop at tax brackets; we're also tackling the big questions on financial education and how it trumps the daily news churn. By sidestepping the noise and focusing on evergreen wisdom, we learn how staying savvy about finances can impact everything from your eligibility for electric vehicle credits to your overall fiscal health. So, pull up a chair and let's get financially literate together – because when it comes to your money, knowledge isn't just power, it's profit.

Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

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And, as always, STAY THE COURSE!

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1. #18 - Income Taxes: How does the progressive tax system actually work? Does extra income actually cause you to "jump up" tax brackets? (00:00:00)

2. Understanding the US Progressive Tax System (00:00:01)

3. Understanding Tax Brackets & Financial Education (00:09:15)