Compact Civics
Death and Taxes?
10/29/2024 | 1m 3sVideo has Closed Captions
Learn about the intricacies of taxes and their role in society with Cory McCants.
You’ve heard it before – two things are inescapable in this world – death and taxes. While Cory McCants won’t take you through the former, he will explain the latter. If you have to pay them, you should at least know how they help you. Learn how taxes are raised, paid, and function at the core of this episode of Compact Civics!
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Compact Civics is a local public television program presented by BTPM PBS
Compact Civics is made possible by the members of WNED PBS.
Compact Civics
Death and Taxes?
10/29/2024 | 1m 3sVideo has Closed Captions
You’ve heard it before – two things are inescapable in this world – death and taxes. While Cory McCants won’t take you through the former, he will explain the latter. If you have to pay them, you should at least know how they help you. Learn how taxes are raised, paid, and function at the core of this episode of Compact Civics!
Problems playing video? | Closed Captioning Feedback
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Providing Support for PBS.org
Learn Moreabout PBS online sponsorship- Two things you can't escape, death, whoa!
And taxes.
Whoa!
- Whoa!
- Oh, I'm Corey with "Compact Civics".
(relaxing music) I get it!
Nobody likes paying taxes.
(graphics popping) It's expensive, it's mandatory, and it's hard to know where your dollars are being spent.
Let me break it down.
(record player scratches) We pay federal and state income taxes on the money we earn from jobs, businesses, or investments.
The money goes into a big general fund to help pay for things like national infrastructure, defense, veterans, our justice system, and paying down our national debt.
Payroll taxes are different.
You and your employer both pay them and the money fund Social Security and Medicare, which benefits older and disabled Americans who rely on that assistance.
Do you own property?
Local governments tax you based on its value, but that money helps fund local services like schools and public safety.
We could all look at taxes like our patriotic duty.
To make sure your money's being spent the way you want, get out to the polls and vote for someone who will do just that.
Support for PBS provided by:
Compact Civics is a local public television program presented by BTPM PBS
Compact Civics is made possible by the members of WNED PBS.