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734: Scott Galloway | Course Correcting an America Adrift
The Jordan Harbinger Show
Are We Going to Take Our Taxes Down?
The wealthiest cohort in America are small business owners. Once you hit 99 percentile, once you get to kind of three, four, $500,000, what we decide is we're going to start taking your taxes down. The group that's got hit the hardest are actually the workhorses who make really good livings but don't make enough to go to sort of the, your taxes plummet. I'm an entrepreneur. When I sold my business, L2 in 2017, the first 10 million of proceeds were tax free. And since then, I have been able to get the majority of my income from recognition or capital gains on investments. So my tax rate is lower than the people
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