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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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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