Raising Income Taxes Does Not Hurt the Wealthy. Here Is Who It Actually Hurts.

This video explains something most people get completely wrong about taxing the rich.

Raising income tax rates does not hurt the wealthy. It hurts the middle class. Because the middle class are the ones actually earning taxable income.

W-2 employees and self-employed individuals fall directly into the federal tax system. The highest bracket right now is 37%. Raise it to 39% or 40% and you are squeezing the people who can least afford it.

The wealthy do not have salaried income. They have assets. They take loans against their stock portfolios instead of selling them. No sale means no taxable event. CEOs like Jeff Bezos and Elon Musk pay themselves relatively low salaries while their real wealth sits in stock options and equity that never gets touched by income tax.

When people say tax the rich what they are actually describing would only impact earned income. The ultra wealthy are not earning income the way everyone else is. They are owners not earners.

If you want to play the game like the wealthy you have to understand how the tax code is actually written.

Comment WEALTH if you are earning over $500K and ready to start structuring like an owner not an employee.