Does even the thought of taxes have you feeling like this? Well, you're not alone. Over the past 20 years, tax issues have dominated both our minds and US economic policymaking. Our tax system, though not fully understood by many, affects more people than any other government policy (and also garnered the most complaints). Flat rates? A single rate? Aggressive rates? It’s all very complicated and confusing—you almost need a degree in economics to figure it all out.
Luckily, two economists, Joel Slemrod and Jon Bakija, can help you sort it all out. Taxing Ourselves: The Citizen's Guide to the Debate Over Taxes, their popular guide to the key issues in tax reform, is now in it's third edition. Also, they recently spoke with WILL Radio’s David Inge about taxes—who pays them and how the system is structured. With easy to understand analysis and tips, Slemrod and Bakija really help to make sense of it all. Listen to the interview here. Joel Slemrod has even provided three ways to increase the fairness and simplicity of the tax system.