Ryan VaughnCOO of Incite Tax & Accounting. Ask me anything about your taxes.

March Madness = Tax Brackets?? | Incite Tax

11 Mar 2025 · 1 min

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In this short video, the presenter uses the March Madness basketball tournament as a hook to explain U.S. tax brackets. He clarifies a common misconception that higher earners pay the higher marginal rate on all of their income, emphasizing that the U.S. tax system is progressive: only the portion of income that falls within each bracket is taxed at that bracket’s rate. He then offers practical ways to reduce taxable income, such as maxing out retirement accounts and claiming all eligible business expenses. The video ends with a call for viewers to submit tax questions in the comments and to follow the channel, punctuated by an expletive.

Chapters

With March Madness right around the corner, it's time we start talking about brackets—tax brackets. I know, I know. Who wants to talk about taxes when you can do something fun like watch some hoops? Now many people assume that the more money they make. their entire income is taxed at a higher rate, and that's simply not true. Regardless of how much you make, your income is taxed in different portions at different tax rates. You can lower your taxable income by maxing out your retirement accounts and utilizing every business expense. Now let us know in the comments what tax questions you want answered and follow us for more. Son of a bitch.