VIDEO: Understanding How You're Taxed

by Leah Woodly

Confused about tax brackets? You're not alone! In this video, we break down how tax brackets work in simple terms, so you can understand how much you're really paying in taxes—and why it’s not as scary as it sounds!

Here's what you'll learn:

• What tax brackets are and how they apply to your income.
• Why moving into a higher tax bracket doesn’t mean ALL your income is taxed at that rate.
• How the system works.
• Understanding taxes doesn’t have to be complicated. By the end of this video, you’ll feel more confident about your finances and know exactly how tax brackets affect your paycheck. 

This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.