2min chapter

Animal Spirits Podcast cover image

How Much Do You Need to Make to be Rich? (EP.298)

Animal Spirits Podcast

CHAPTER

I'm Not a Convertible Guy but I Love Cars

Top 1% of earners paid 42.3 percent of countries income taxes, a two-decade high for the 1% which is kind of surprising. Top 5% of earners reported 38.1 percent of total AGI but paid 62.7%. The bottom 50 percent of earners reported 10.2 percent of AGI butpaid 2.3 percent all income taxes. It's not black or white, but rich people Pay a lot of taxes So don't quit your day job.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode