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Way too many people think they understand the difference between net and gross (so the difference between net income and gross income, the difference between net pay/salary and gross pay/salary, etc.) but unfortunately, they usually don’t understand the concepts properly.

Through this video, I did my best to provide an easy-to-understand definition and especially explanation of net and gross (income, pay/salary, you name it). Also, through carefully-chosen examples, I hope I’ve managed to get the message across in a way that leaves little room for interpretation.

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26 COMMENTS

  1. DSREACTS Posted on June 23, 2020 at 10:19 am

    Helped me so much I was struggling to learn this now I’ve got it

    Reply
  2. Maryamjon Karimova Posted on June 23, 2020 at 10:19 am

    When I was struggling to know what gross and net income was, you gave me the simple answer, thank you so much!

    Reply
  3. Vinh P Posted on June 23, 2020 at 10:19 am

    But im pretty sure that sales taxes are not 20%

    Reply
  4. Gianna Benton Posted on June 23, 2020 at 10:19 am

    Thanks so much! I needed this for math. <3

    Reply
  5. Sarah-esma Atte-oudeyi Posted on June 23, 2020 at 10:19 am

    I have had trouble with this for months.MONTHS I SAY.And I came across this video and I’m like…

    Reply
  6. tape trails Posted on June 23, 2020 at 10:19 am

    If I owe federal taxes but had a refund on state taxes how would I calculate net income? Do I subtract federal taxes from my gross but then add the refund on to of my net? Thanks!

    Reply
  7. Candace Clark Posted on June 23, 2020 at 10:19 am

    Omg- I didnt think i would understand what net and gross income was and i thought it was REALLLY complicated to work out but- Turns out watching this video its not hard at all, it TOTALLLYY makes so much sense! Thanks for explaining it! 😀

    Reply
  8. Mini’s World Posted on June 23, 2020 at 10:19 am

    Thank you! I have a math packet and this really helps! Not the best at something I will use in future ☹️

    Reply
  9. Lance Longbottom Posted on June 23, 2020 at 10:19 am

    01:22 What a straight forward video keep it up 👍🏽👍🏽

    No origin story about where the terms Gross and Net come from

    Reply
  10. Zachary Weaver Posted on June 23, 2020 at 10:19 am

    Thank you for making the video, it’s just really hard for me to learn, it’s just a little too fast, next time just slow it down a little, but all and all it was a great video

    Reply
  11. Quentin Mitchell Posted on June 23, 2020 at 10:19 am

    Nope, you got it wrong, bruh. Gross Income is a corporate profit, it is the "EXCESS" amount you earn from your compensation. That's taxable. Go read Title 26 U.S. Code Section 83. Many overlook this Statute and the IRS Agents are afraid to address it

    Reply
  12. Carl Sicorsicor Posted on June 23, 2020 at 10:19 am

    Thank you for this video! I can now understand my report!☝️😀

    Reply
  13. NadiaChan Posted on June 23, 2020 at 10:19 am

    dude this helped me so much ty

    Reply
  14. Abhishek Singh Posted on June 23, 2020 at 10:19 am

    Thank you for explaining so eloquently in such a succinct manner. sir I have a question. Why people use the term NET-NET (Like two times while they speak). can you help me understand what is NET-NET

    Reply
  15. DivyAnju Dharma Tiwari Posted on June 23, 2020 at 10:19 am

    Easy but effective explanation

    Reply
  16. Shivani Tiwari Posted on June 23, 2020 at 10:19 am

    Is gross income = revenue
    Net income = earnings ?????

    Reply
  17. Shivani Tiwari Posted on June 23, 2020 at 10:19 am

    Best explained sir. I have searched many on sites, but can't understand. Thxu so much sir for this video

    Reply
  18. REEMIKS Posted on June 23, 2020 at 10:19 am

    Thank You! my god you google this and it comes out with a god damn article, when all i want is a simple answer.

    Reply
  19. HAMZA ALI Posted on June 23, 2020 at 10:19 am

    Excellent bro

    Reply
  20. Craig Mason's Reasonable Conversation Channel Posted on June 23, 2020 at 10:19 am

    TAXATION IS THEFT

    Reply
  21. PVimagens Channel Posted on June 23, 2020 at 10:19 am

    Guys… In Brazil: Gross = Net… Too much taxes.

    Reply
  22. Crypto Feez Posted on June 23, 2020 at 10:19 am

    i love your channel man !!! this is really a service to the public

    Reply
  23. Gooberlitorial Posted on June 23, 2020 at 10:19 am

    Gross = What Your Time Is Worth

    Net = What Your Time Pays ( what Governance says your time is worth)

    Reply
  24. Albert Mars Posted on June 23, 2020 at 10:19 am

    so revenues the same as gross?

    Reply
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