You’ve probably heard the claim that billionaires have lower effective tax rates than most “normal” people.

Is that actually true?

In this episode, tax attorney Megan Robin breaks down one of the most misunderstood parts of the tax system and explains why high-earning professionals, like lawyers, can sometimes face higher tax rates than people with vastly more wealth.

The answer isn’t a secret loophole. It comes down to how the tax works.

If you’re a business owner or professional trying to build wealth while managing taxes intelligently, this episode will help you start thinking about the bigger picture.