Dave Ramsey

And that's 99% of the time what we're talking about around here.

Occasionally, there's something that gives you an actual tax credit, which is dollar for dollar.

$10,000 tax credit is...

reduces your tax bill that's great by ten thousand dollars that is 75 better than a deduction okay but yeah not many of them out there but there's a few things that you get tax credits for okay this one blows people away it does the number of people that don't understand this is like everybody how do the tax brackets work

Everyone pays the same amount of taxes on the first $25,000.

Everyone pays the same amount of taxes on the first $50,000.

Even if you make $2 million.

The first $50,000 is taxed exactly the same.

And so as you go through the bracket, when you jump a bracket, it does not jump your entire income by that percentage amount.

Only the amount above that last bracket.

Okay.

And so it might be that you have $5,000 above a bracket.

That's right.

And so it's hardly anything.

You know, well, there's not 100 percent bracket yet.

So, of course, you want to make more because you get to keep it.

There's not even there's not.

I mean, I think the max is what, 30 something percent.

So you still get to keep 70 cents on every dollar no matter what you make.

So go make more.