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"The launch of the Your Money Matters textbook in Scotland is a vital step towards equipping schools with the support they need to bring financial education to the forefront within the classroom and beyond. The financial impact of the Covid-19 pandemic means that building money skills and confidence has never been more vital."
Yet this is not the self-effacing gesture it appears to be: Wages are taxed at a high rate. The top 25 wealthiest Americans reported $158 million in wages in 2018, according to the IRS data. That’s a mere 1.1% of what they listed on their tax forms as their total reported income. The rest mostly came from dividends and the sale of stock, bonds or other investments, which are taxed at lower rates than wages.


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