It’s WORSE than you think…

Taxation is one of the most debated topics in politics, but surprisingly few people actually understand how the system works.

The United States uses a progressive tax system, meaning income is taxed through brackets that range from 10% to 37%. Contrary to popular belief, you don’t pay a single flat rate on all of your income. Each tax bracket applies only to the portion of income that falls within that range.

But understanding how the system works raises bigger questions.

In this video, I break down:

• How progressive tax brackets actually function
• Why higher marginal rates create different incentives
• The economic argument that taxing productivity discourages investment
• Why a small percentage of taxpayers fund the majority of federal income taxes
• And the philosophical question behind taxation itself

From an economic perspective, critics argue that progressive taxation doesn’t just redistribute wealth — it taxes the process of building it.

And when government decides how much of your earnings you’re allowed to keep, the debate shifts from economics to power.