Yet if you flipped it around and earned $60,000 this year and $40,000 next, you’d pay $13,000 in taxes — an extra $1,000, even though the total income didn’t change.

"Most people fail to realize that in life, it's not how much money you make. It's how much money you keep," writes Robert Kiyosaki in the personal finance classic, "Rich Dad Poor Dad." At the end ...

Determining whether you’re rich or part of the middle class can be tricky. It’s not all about how much you earn in a given month or year. Instead, it’s more about your net worth and the way ...

That’s not to say that being rich automatically means you pay less in taxes and in terms of the total dollar amount, the rich tend to pay significantly more. However, the tax rates many wealthy ...

See Next: 4 Affordable Car Brands You Won't Regret Buying in 2025 That’s not to say that being rich automatically means you pay less in taxes and in terms of the total dollar amount, the rich ...