Taxes: Crash Course Economics #31
Economy | Information | History | Online | Facts | World | Global | Money
We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a few historical scenarios where bad tax policy led to revolutions. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Comments
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Flat taxes seem more ethical, and just
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Increasing taxes even more will drive out businesses overseas. That's the biggest hole of progressive taxes.
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Taxes can never be investment as long as the are non consentuall
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it's Mahatma Gandhi, pronunciation is incorrect in thought bubble
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this video is fan-tax-itc
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do make more videos or a new sieres
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Why would a proportional tax be unfair?
Let's say there are only two consumers and one collective good representing all that is needed to subsist where they live, for one year - let's call the good COL - cost of living. COL is set at $20. Consumer A earns $30 per year. Consumer B earns $90 per year. A proportional tax is put in place that "equally" impacts both consumers by charging them a 40% tax.
After taxes, Consumer A retains $18 of income, while consumer B retains $54 in income. Consumer A is now unable to subsist on income alone, and must rely on assistance, if it exists, or simply go without, if possible. Consumer B may have to adjust his/her lifestyle somewhat if they were accustomed to spending a significant portion of their income, but is more than able to subsist themselves despite the tax.
There is a certain subsistence level (requiring at least what you'd call poverty-line wage, or more ideally, a living-wage) that is pretty much the same for all individuals. The unfairness behind a proportional tax is that those at the lower end of the income spectrum must give away a larger portion of their spendable (after living expenses) income.
This is obviously an example with easy-silly numbers, but the results remain. -
SOME SAY THERE IS NO LAW ON BOOK THAT SAYS WE HAVE TO PAY FEDERAL INCOME TAXES.. CAN YOU VERIFY THIS?
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Crash Course has such an educational vibe to it. Nothing offensive or inappropriate, kind of thing your teacher puts on in the classroom.
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The most appropriate source of public revenue is the economic rent of locations, of land, and land-like assets (e.g., the broadcast spectrum). These values are created because every parcel of land or tract of land (or broadcast frequency) has a different potential value, and this value is not produced by individuals but is provided by nature or by aggregate public investment in infrastructure and other amenities.
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taxation is theft
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a flat tax feels fair? This is a horrible thing to teach people who know nothing of taxes. This is supposed to be non-partisan :/
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As much as I dislike paying taxes there are some benefits to society which by theory in hurt help individuals, i always ate the .99cents extra sometimes i wish america had a flax tax like the UK lol
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What empirical evidence is there to prove, beyond a reasonable doubt, that the constitution and IRS tax laws apply, and that they have any jurisdiction over us, therefore making us "tax payers" with "taxable income"?
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The British Empire was stupid when I came to tax policies, lol.
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3:13 why oh why
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So basically we pay taxes because the market doesn't get enough money as it is, even though the Federal Reserve prints money virtually out of nowhere?
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Thanks very much !! Congratulation
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your crash course on economics is just amazing! i had never try to learn this ideas because of so much confusion.but now find become more interested in political debate than i ever had.thanks to you
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From the cheerful duo in the first episode to dull intro by Adriene in this one....thats what economics do to humans :P
P.S. I love Economics
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