Tax Basics For Beginners (Taxes 101)

I got confused where you mention the progressive taxing. In the example, you said we would be taxed 10,924 @ 24% and the rest would be taxed at the Other tax rates. Is the OTHER in this example, the 89,076? And if so what is the “other tax rates”? I was following then that threw me off. Thank you for sharing!!

My husband owned a business with his 2 brothers. For the last 2 years it seemed they had all the necessary documents they needed for all of us to file our taxes correctly. But just a month ago they can to the decision to hire my husband on. I called the IRS hoping to get some information but only reach and automated message that told me I could find the correct forms I need online. I’m not sure what forms he will need since their business is LLC and he owns part of the business but is also self-employed under that business. I hear of Schedule C and 1040. Would these be the correct forms?

You didn’t mention tax liability anywhere else in the video and then you just insert it out of no where without explaining what that is

How do you calculuate your total income for the year?

Hi, If I buy a house can I make tax deductions. as investor ?

I havent even watched a full video but your way of delivering and explaining (could be better) is great and I will be studying and learning these terms to increase my knowledge on taxes for personal and business. Time to start learning what corps do to gain the most out of $. Subbed

great

Today is Tuesday August 8 2023..I would love to interview you for about 5 minutes on my upcoming talk show, I am a realtor Valarie Chandler Hulsinger

Could you make a video on where we are supposed to go to pay taxes and also how often do you pay property taxes.

IncoOome😅

F the government

Damn after all these years. I’m 43 and I understand taxes more now than I ever did!

Instead of doing taxes for others; Why not Give Tax advice July to Jan? How to be a Travel Consultant on Cruise Ships by Joyce the Tax Dummie Today

Awesome video! I just subscribed. Can you please tell me what brand of white dress shirt you have on? It fits very nicely.

I remember I worked a week at Wendys once. And got back 2 dollars😂. And i followed the video halfway long but I just thought about undressing him from that tie.😅😐 I said id never make enough to have to pay taxes anyways.

Having just moved to the US from a country where your taxes are simple and done FOR you ... this makes me SOOOOO angry. WHY DOES IT NEED TO BE THIS COMPLICATED? !?!?! Before a % came out of my paycheck each month. Thats it. Being married, having kids... none of this mattered. You work, you earn interest on investments... etc... you just pay your taxes. You never have to DO anthing. It's so transparent.

Crazy how now that I’m older and outta school it’s a lot easier for me to learn

If our useless education system taught things like this, we wouldn't need to spend so much time playing catch up after graduating.
Thanks for making it easier! Definitely saving this vid.

Cal-cu-late*

taxes use for warmongers.

I love all your videos.

I am working from january 2023 as self employed , do i need to calculate and pay tax on april 2023?

Thanks, had to go get my paystubs and bank statement from click_cybertech. Was able to achieve that with no real stress.
All these taxes got me real stressed out.

The best explained video I have found on this subject. Congratulations! Subscribed

Did you just say, that the system was set up so that everyone pays their fair share of taxes. . 😂😂😂😂. 👌

😢🎇🛄🏗🏤🌐😇

It is my opinion that using the 30% tax example is a poor one. It would make more sense to use a 10% tax system across the board. Naturally ones making less pay less. Additionally, I believe that tax credit systems are a poor way to "incentivize "tax payers to file. Rather , again, a straight across the board is best in encouraging Americans to stop working under the table.

Can you do a video of trust taxation and forms 1041, 541 and k-1s...? 🙏

My coworker resales flannels and he always writes off his cigarettes on his taxes as entertainment. I think that he's on a slippery slope with that one.

Loved the info. Very clearly stated.

Thanks for this! Do you happen to have a video with a a more detailed breakdown of how to calculate a personalized tax plan? I started doing this but need a bit more guidance.

GreatInfo! WellDelivered! ThankYouSir!

Not even 5 min in and I'm very impressed by the professionalism, simplicity, and thoroughness of the explanation. I would have killed to have this offered as a high school or college course. Using this to better understand ecommerce entrepreneurship for potential investment. Good stuff.

I subscribed to your channel. I have question--how do you find the Total Tax on your state income tax form?

This is the most helpful video I’ve ever seen in my life 🙏🏼🙈🤣

Thank you brother. God bless.

Been looking for video like this New employee in USA ...Tax system is different from my country I needed explanation

Really very good explanation about taxes. Thanks very much

We need thriving income

The government is corrupt, and I will never earn a living wage, but in the end, they can steal whatever they want from me, I just want to be able to do my own taxes, and not be forced to pay an agent, which is the way the system is set up.

Great.

AMAZING VIDEO THANKS💯

Can anyone else smell the amount BS I’m smelling 🤣

contact schools to play this video 👍🏼

To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income, particularly ona weekly and monthly basis.that's the keyto living a financially stab

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This video was wonderful! Thank you! I learned so much!

Great video! Thank you for the break down!