Tax the Rich?

Should we tax the rich? That’s the big question that’s been trending recently. But what does taxing the rich imply? Today, I take a look at three different types of taxes, examine how they currently function, and give my thoughts on how they could be reformed to create a more equitable system of taxation.

Tax Brackets Explained: https://www.youtube.com/watch?v=OKSfbE5cKAM

What $1 Billion Buys: https://www.youtube.com/watch?v=C0dKwzeaMvg

0:00 – Intro
0:39 – Sales Tax
3:26 – Income Tax
6:42 – Wealth Tax
9:01 – Question of the Day

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The Habit That Changed My Life: https://youtu.be/oL3eVoReKCQ

My Debt Free Story: https://youtu.be/F-y-NYitK7c

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FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.