Oct 11, 2022
The 0% tax bracket is a race to the bottom. It's a mentality that big stores such as Walmart support, where the goal is to pay as little in taxes as possible. This hurts everyone in the long run because it means less money for things like infrastructure and education.
In today’s episode, Spencer Shaw and Kim Butler talk about the importance of NOT focusing on 0% taxes. They argue as to why the race to the bottom mentality can actually hurt people in the long run, rather than helping them financially. Spencer and Kim also discuss the difference between paying more and paying fewer taxes and which you should choose to reach your financial goals.
Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!
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Show Notes
- Why 0% taxes is something you should not be focusing on.
- What is the race to the bottom mentality and why are big stores such as Walmart supporting this?
- Paying more tax or less tax: Which hurts more?
- The huge difference between financial math and school math.
- What is the appropriate principle of prosperity that we should focus on?
- How does the multiplier effect work?
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