Tuesday, April 18, 2023

Death and Taxes


Albert Einstein once wrote, "The hardest thing in the world to understand is the income tax." The product of 95 years worth of additions, subtractions, deductions, and exclusions, it has become such a headache that many are calling for it to be drastically simplified or even removed altogether. With a looming fiscal crisis on the horizon, April 15th seems more like a scene from a B-Horror horror movie than a day to contribute to the common good of the nation. Political favoritism, ineffective social programs, and economic manipulations all reveal the need for tax reform.

What is an income tax and why are they important? What are the history of taxes in the United States? Why is paying taxes so complicated? Are they fair? Can you think of a better system?

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