Taxes: a 'certain' problem still

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Date: June 2011
From: Financial Executive(Vol. 27, Issue 5)
Publisher: Financial Executives International
Document Type: Article
Length: 528 words
Lexile Measure: 1480L

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The payment of taxes has been a contentious subject for American citizens dating back to before the nation's birth. Recall "No taxation without representation," the slogan of the 1750s and '60s that characterized the grievances of the British colonists in the 13 Colonies, and which was one of the major causes of the American Revolution.

Then, in the 1700s, Benjamin Franklin coined the phrase, "In this world nothing can be said to be certain, except death and taxes."

Though many American individuals and corporations pay their portions of taxes--as decreed by the very complicated and complex tax code--there is much disparity. There are alarmingly high numbers of individuals and corporations paying little or no taxes due to entitlements, exclusions, loopholes and more.

There is often talk in Washington of "tax reform," but...

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Gale Document Number: GALE|A259792617