Along with electing political leaders and sitting on a jury, paying taxes is one of the citizen's annual obligations to the republic. Big Think will be covering tax issues this week in all its mind-boggling genius and complexity.
Delivering a share of our yearly income to national coffers has raised the ire of Americans since the early days of the country. One of the primary motivations to buck British colonial control was taxation without representation after all, and in this period of contemporary tea parties and 90 percent tax rates on undeserved corporate bonuses taxation is raising out collective blood pressure just as it was 250 years ago.
Among the questions we will consider in this week's blog are:
Why we pay comparable tax rates with other developed world democracies and get so much less in return?
How much of our 2009 taxes will go toward paying off the bailout?
What will happen to the rich when the Bush tax laws expire in 2011?
Should there be a tax on consumption?
Who are the biggest tax evaders?
What is the future for tax havens like Switzerland and Andorra?
Where should our tax dollars go in the new economy?
April 15 is a mere 48 hours away, so finish up your e-filing or just fill out an automatic extension and wait until October like 10 million other Americans. And when you are finished let me know what other questions you would like to see broached when it comes to ponying up for Uncle Sam. I can always be reached at firstname.lastname@example.org
Tax-minded viewing on Big Think:
Center for American Progress fellow Matt Miller on the future of American taxation
Americans for Tax Reform president Grover Norquist on paying it forward
Professor Clifford Schorer on tax incentives
Uber-Libertarian Peter Theil on marginal tax rates in the U.S.