4.6 • 2.4K Ratings
🗓️ 14 March 2023
⏱️ 38 minutes
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| 0:00.0 | Hi, Nick. Hey, Hannah. Nick, why do we pay income taxes? Why are we expected to give |
| 0:08.0 | some of the money we earn to the government? Well, I'm not a big time city lawyer, Hannah, |
| 0:16.6 | but I feel like it's like the government is expected to do something for us in return |
| 0:21.3 | for those taxes, right? By making and enforcing laws, providing security and protection, |
| 0:29.9 | giving us ways to live and work and travel safely, and to help us access basic things like food or |
| 0:37.4 | shelter. Yeah, that's the idea. But there's also something really important about our tax system. |
| 0:44.3 | We put a lot of emphasis on fairness. How can you judge if a tax is fair to the taxpayer? Well, |
| 0:52.3 | most people today accept the principle that a person should be taxed according to his ability to |
| 0:57.3 | pay. As a result, we have a graduated or progressive income tax. Look, I mean, no one likes paying |
| 1:04.7 | taxes, right? We all have to do it because somebody has to pay the bills. This is Joe Thorndike. |
| 1:09.8 | He's the director of the tax history project. Civics 101 talked to him back in 2017. But that means |
| 1:15.3 | that we want to make sure that everyone else is paying their fair share, right? I mean, that's the |
| 1:19.0 | that's the central trope of tax paying in America, their fair share. The idea that the more you have, |
| 1:26.2 | the more you are expected to contribute has been built into our income taxes from the beginning. And |
| 1:32.1 | there's supposed to be one government agency that oversees it all, the I R S. The internal revenue |
| 1:40.2 | service maintains a streamlined operating organization, which handles yours and the price. This idea might |
| 1:45.8 | make sense on paper, but in practice, it is tax season a dreaded time for some America |
| 1:56.1 | Americans feeling burdened as they complete forms that many argue have become too complicated. The I R S kicked off |
| 2:02.7 | this tax filing season with approximately six million unprocessed returns from last year. This morning, an |
| 2:09.0 | investigation reveals just how little some of the richest Americans pay in tax. It's wealthy taxpayers with less |
| 2:15.4 | transparent sources of income who are less likely to pay. They can hire lawyers and accountants to help |
| 2:21.1 | sidestep the tax collector. Many lower income people paid for tax filing when their returns should have been free. |
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