Financially Simple

In episode 318 of Financially Simple, Justin looks at a number of ways to lower your Tax Bracket in order to reduce your Effective Tax Rate. How much you earn determines which tax bracket you fall in to, and that determines how much tax you will end up paying. In this episode, Justin explains the US taxation system, how understanding it helps, and a few simple ways to use your money to actually lower your Tax Bracket and reduce your Effective Tax Rate. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:48 - How to Use Tax Brackets to Reduce Your Effective Tax Rate 01:47 - The Progressive Taxation System 05:51 - Why it Matters 07:35 - The Basics 09:26 - Example 10:31 - Summary   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit