EPS 44 - Progressive, Flat, or Just Plain Taxing? Understanding How We Really Pay

It’s the Season 5 finale of Pink Money! In this episode, Jerry breaks down one of the most misunderstood topics in personal finance: how taxes actually work. From U.S. progressive brackets to global flat tax systems, Jerry explains why your last dollar doesn’t put your whole paycheck in a new bracket, why deductions matter, and why “simple” tax systems aren’t always fair.Along the way, he highlights how states like Texas balance no income tax with high property and sales taxes, why federal cuts often circle back to you through state taxes, and why understanding the system helps you avoid voting against your own best interests. Whether you’re a W-2 employee, a self-employed gig worker, or just curious about how taxes hit your wallet, this episode will give you the tools to think critically, plan smartly, and head into tax season prepared.And with this, Season 5 wraps up—get ready for new insights, stories, and surprises in Season 6 of Pink Money!💬 Have a question or comment? Contact Jerry here