How the US Tax Code Works

Wonder how the US Tax Code works? I explain in an easy-to-follow way. All the major forms of income are covered to help you avoid a big tax bill THIS year.

👉 Want a cheat sheet to help you save on taxes this year? Click this link to get it from us for FREE: https://bit.ly/seasidetaxguide

For pre-retirees, taxes will likely be your largest lifetime expense, yet the U.S. tax code’s complexity can catch investors off guard. This breakdown simplifies it for you, using Mr. and Mrs. Green, a couple earning $100,000 yearly. The progressive tax system starts at 10% on the first $22,000, scaling to 37% for top earners—only higher income gets the higher rate. Maximize your investments with deductions ($30,000 standard for married filers, plus $4,000 if over 65), long-term capital gains (0% if taxable income is under $89,250, 15% up to $553,850), and qualified dividends taxed favorably. Social Security taxation kicks in based on provisional income—up to 85% may be taxable if over $44,000 (married filing jointly). Pre-retirees can slash their tax bill with smart planning. Download the Seaside Tax Guide now to optimize your retirement savings this tax season!

===

🔔Subscribe to our channel: https://www.youtube.com/@SeasideWealth
👉LinkedIn: https://www.linkedin.com/company/seasidewealth
👉Facebook: https://www.facebook.com/seasidewealth
👉Website: https://seasidewealth.com/
🤔Questions for Brad? brad@seasidewealth.com
🤔Questions for Matt? matt@seasidewealth.com
📱Give us a call: (760) 730-8120