No amount of emailing or speaking to my professor has ever made sense of this more than this short video has. Thank you for helping me understand this course!
Very informative, thank for your time making this video. I've had many people tell me they make less because they get taxed more or don't work too much overtime you get taxed too much. This clears is up for me, your explanation was simple and very informative! Thanks again!
I'm a college student at the University of Texas and I just want to say... THANK YOU SO MUCH! My professor isn't that great at explaining this type of information and you do a fantastic job. You have saved me on all of my tests and my final is this week, but I'm confident after watching your videos. Much appreciation!
In the 50s under Eisenhower the marginal tax rate was 91% that’s how our roads and infrastructure were built and was the most prosperous time in the country.
Agree; high marginal tax rates on high marginal incomes was part of creating a strong middle class, which in turn created the spending to make for a strong economy.
Nice explanation of both kinds of tax rates. Could I offer though that instead of saying tax rate on income that you earn, say tax rate on taxable income?
For those people that keep saying "Sanders is gonna tax me at 90%!" No, he said he was considering a marginal tax rate of 90% on the rich, like it was before Reagan.
Yes, in fact is was 70% before Reagan on the highest incomes, and 90% before Johnson. Not many of us know ANYONE who would face that high marginal tax rate - we don't make that much money. :) I do worry, however, that Bernie hasn't made clear how to pay for 'free college for everyone' (or some variation on that theme) - we can't raise that kind of money just taxing the rich. ? :)
If I understand you correctly, you mean at an income level that is not taxed, so the marginal rate is 0%. Until you reach the minimum threshold of income to be taxed, each additional dollar you earn is not taxed. This varies with each country and over time. In the US, the first $9525 of TAXABLE income is taxed at 10%, but calculating 'taxable' income means you get your standard deduction amount as untaxed.
You are only only talking about Income tax. Can you do a vlog on home Much accumulated tax your Real pay . The REAL REAL Buying power of your income $$$ I'm a AUSTRALIA and I've Think ??? In the lucky country AUSTRALIA witch has a massive massive WELFARE and gigantic Public servants sector . My 1 $ has about 15_20 ¢ Buying Power . That's why I'm now in Thailand I think ??? The same 1 $ has a buying power Of 60 ¢ _80¢ . And I'm not the only man that has left the lucky country to live in Asia
I spent all day trying to get this and look at your video and get it. Thank you so much
No amount of emailing or speaking to my professor has ever made sense of this more than this short video has. Thank you for helping me understand this course!
I wish my teacher was this good at explaining stuff. Credits to you sir.
Hello to you too Mr. braindead
Very informative, thank for your time making this video. I've had many people tell me they make less because they get taxed more or don't work too much overtime you get taxed too much. This clears is up for me, your explanation was simple and very informative! Thanks again!
I'm a college student at the University of Texas and I just want to say... THANK YOU SO MUCH! My professor isn't that great at explaining this type of information and you do a fantastic job. You have saved me on all of my tests and my final is this week, but I'm confident after watching your videos. Much appreciation!
I appreciate your feedback - you made my day. FYI - I graduated from Killeen High School in '66. Hook 'em Horns!
Glad I found this video. 5 minute video and now I can explain to someone else. Thank you.
You're the man, Roger!
Coherently explained. It was a treat to learn from you!
I finally know what "marginal tax rates" mean... after hearing about them for years on the news...
no nonsense to the point explanation. excellent sir
I really enjoyed this short video...and I have to say that your expression at 3'45" is amusing! :)
honestly.................no one ever explained the way, you did.nice explanation.
2024 and this video is still very helpfull, thanks sir !
Thank you for answering the question quickly.
I wish you teach at my school!!!!
Oh I see. Progressive tax rates are designed so that marginal tax rates never exceed 100%.
Best economic explanation ever!!!
TY Professor, the explanation/review is going to help me on my final
thx for this
still helping students in 2023
Thank you for this concise explanation!
I'm really got it because of you. Thank you very much.
In the 50s under Eisenhower the marginal tax rate was 91% that’s how our roads and infrastructure were built and was the most prosperous time in the country.
Agree; high marginal tax rates on high marginal incomes was part of creating a strong middle class, which in turn created the spending to make for a strong economy.
Thank you! This video helped me with my class assignment.
Great vid sir
Damn, good explanation! Made me check your other vids, might even sub
Saved my ass on Micro thank you!!!!!!!
Thank you so very much! You definitely helped me in my Macroeconomics class homework! ♥
Nice explanation of both kinds of tax rates. Could I offer though that instead of saying tax rate on income that you earn, say tax rate on taxable income?
For those people that keep saying "Sanders is gonna tax me at 90%!" No, he said he was considering a marginal tax rate of 90% on the rich, like it was before Reagan.
Yes, in fact is was 70% before Reagan on the highest incomes, and 90% before Johnson. Not many of us know ANYONE who would face that high marginal tax rate - we don't make that much money. :) I do worry, however, that Bernie hasn't made clear how to pay for 'free college for everyone' (or some variation on that theme) - we can't raise that kind of money just taxing the rich. ? :)
He will raise taxes on those making $250,000 a year and higher, with the highest being 52% on those making over $10 million a year.
Simply elegant
Thank you so much! You made it easy to understand!
When calculating the average tax rate, do I include FICA and credits?
awesome video!
thank you. 2021 from Sydney lockdown :)
Thank you very much !
Thank You so much SIR 😊
Thank you so much sir 🙏
This video was very helpful.
Thank you. I think i starded to understand the word "marginal". Great video
Youre a life saver!
Goddammit, why do I not have you as my Economics teacher...
Very helpful, thank you
Great video!
Very well explained
What's the difference between the marginal tax rate and the marginal propensity to tax, if any?
Thank you! This video really helped me !
Thanks so much! I go to MSU and I am in a lecture of 400+ kids and the professor doesn't explain economics half as well as you do.
Thank You!! Now this looks a bit clearer to me...
You're a good damn beast
Thank you very much!!!!
Might be a stupid question and I'll be googling it as well but. What would the marginal tax rate be if you were under the lowest tax bracket?
If I understand you correctly, you mean at an income level that is not taxed, so the marginal rate is 0%. Until you reach the minimum threshold of income to be taxed, each additional dollar you earn is not taxed. This varies with each country and over time. In the US, the first $9525 of TAXABLE income is taxed at 10%, but calculating 'taxable' income means you get your standard deduction amount as untaxed.
Thank you sir!
How did you come up with the tax amount of 2500 $. cuz if you made 60000 $ profit 10 % would be 6000 and then there wouldnt be change in tax rate?
Thanks very good info
Thank you
You are awesome!!!!!!!!
Thank you very much
Thank-you! Can you now help me do my Micro hw?
Great
can you please explain effective tax rate. I do think understand it at all. thank u!
Orret, As I have heard it used, they usually are referring to the Average Tax Rate, after all adjustments, deductions, and the like. RS
can u do a video of it
Why is Average Rate of Income Tax levied?
tanstaafl - there aint no such thing as a free lunch.
thanks
thankyou
andy reid explaining taxes
thank you!!
at least someone can make econ sound easier and more understandable for me.
thx! it really helped!
👍
can you please be my teacher!!!! my respect sir
THX ALOT appreciate it haha
You are only only talking about
Income tax.
Can you do a vlog on home
Much accumulated tax your
Real pay . The REAL REAL
Buying power of your income
$$$
I'm a AUSTRALIA and I've
Think ??? In the lucky country AUSTRALIA witch has a massive massive WELFARE and gigantic
Public servants sector .
My 1 $ has about 15_20 ¢ Buying
Power . That's why I'm now in Thailand I think ???
The same 1 $ has a buying power
Of 60 ¢ _80¢ . And I'm not the only man that has left the lucky country to live in Asia
Thank you
thank you