Tax Basics For Beginners (Taxes 101)

The tax code is over 70,000 pages long, so it's understandable why so many people find taxes to be challenging, but I'm here to help explain taxes simply and easily for everyone with my tax basics for beginners.

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If you watch this entire video then you will discover:
How the tax system works
How taxes are calculated (looking at taxable income, tax deductions, and tax credits)
Why taxes work differently for businesses and investors
Review how to file a tax return
How to put together a tax plan

Timestamps
Taxes 101 (0:00)
#1 What are taxes? (1:50)
#2 How tax system works (3:15)
#3 How taxes are calcualated (5:50)
#4 Tax Deductions vs Tax Credits (7:34)
#5 Tax Incentives (9:15)
#6 Different Types of Income (11:25)
#7 How to File Taxes (13:00)
#8 How to Create a Simple Tax Plan (14:42)
My Little Secret (17:37)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).