Why Do We HATE Paying Taxes?

Why Do We HATE Paying Taxes?

Assessment

Interactive Video

Life Skills, Business, Social Studies

11th Grade - University

Hard

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The video explores the cultural aversion to taxes in the US, highlighting historical defiance and the psychological concept of loss aversion. It discusses the complexity of the US tax code, the tax gap, and the role of tax expenditures. The video compares the US system with simpler international models and suggests that simplifying the filing process and closing loopholes could improve public perception. Despite low tax rates, Americans feel angst due to perceived unfairness, yet they maintain high compliance rates, viewing tax payment as a civic duty.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which historical event is mentioned as a defiance against taxes?

The Boston Tea Party

The Civil War

The American Revolution

The Gold Rush

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What psychological concept explains why people dislike paying taxes?

Loss Aversion

Cognitive Dissonance

Social Proof

Confirmation Bias

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used for the difference between taxes owed and taxes paid?

Tax Deficit

Tax Gap

Tax Surplus

Tax Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do tax incentives like charitable deductions influence behavior?

They reduce income

They promote generosity

They encourage saving

They discourage spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason the US tax filing process is more complicated than in other countries?

Lack of technology

Complex tax code

High tax rates

Limited government resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is NOT mentioned as having a simpler tax filing process than the US?

Sweden

Japan

Netherlands

Canada

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the voluntary compliance rate in the context of taxes?

The percentage of taxes paid on time

The percentage of tax refunds issued

The percentage of people who file taxes

The percentage of people who pay taxes honestly and on time