Taxes

The Ins and Outs of Taxes


As April arrives and I think about my own taxes, I realize how little I understand about how income taxes work. Benjamin Franklin believed “… in this world nothing is certain but death and taxes.

The Tax Man Cometh


Americans have long had strong opinions about taxes. Occasionally in our history there have been tax revolts, such as the Boston Tea Party, the Whiskey Rebellion, and more recently, California’s Proposition 13 in the late 1970s. Once a year – every April 15 – an elderly man in my neighborhood flies the Jolly Roger from his flag pole in protest. On the flip side, Oliver Wendell Holmes said that taxes are the price that we pay for civilization, and many concur. Taxes pay for our roads, our schools, social services, national security, and many other things. Due to hearing dissenting opinions about taxes, students often have many questions about them, and the role that taxes play in our society.

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