That is not uncommon even in low tax states, especially if you own property and you have property taxes. All that, that's just, you know, You lose 40 to 50% of your income to taxes when you work for someone else. And that's pretty universal. I mean, I know there are tax brackets, but that, that, that's how it, how it works. (22:36–22:40)
CLAIM
Asserts that employees lose 40-50% of their income to taxes.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.