Posted on April 05, 2013 |
Tax Day (April 15) is nearly upon us. Maybe you’re scrambling to file, or maybe you’re happy to have a refund on the way. Whatever your feelings about your own taxes, it’s important to remember that taxes are essential to fund critical investments – everything from roads and bridges to education and life-saving scientific research.
But perhaps you’re thinking, “Wait a second. The roads where I live are crumbling, and the schools aren’t in such great shape either. And Washington just cut funding we need to improve our roads and our schools and help families who are struggling. I don’t think our tax code is working the way it should.” Well… you’re right. The tax code contains a bunch of special-interest loopholes and preferences that are used by the wealthy and big corporations to avoid paying their fair share of taxes. Some of the richest Americans pay a lower tax rate than middle-class families do, and some very profitable corporations manage to pay no federal income tax at all. Read more »
