So 10 Reporters Go Into a Bar... The Basics of U.S. Tax System Explained in Under 3 Minutes
Matt Hunoval
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Every once in awhile that NYU Tax LLM still comes in handy. Public discourse and discussion about our tax system and appropriate tax policy can get arcane and, because of its complexities as you get deeper into the weeds, confusing.
But pull up to 50,000 feet and the overall structure of U.S. tax policy is surprisingly simple, as an October 30, 2017 White House Press briefing, as broadcast by ABC News, demonstrates:
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Arguments can be made by well-intentioned people on all sides and of all political stripes of whether our tax policy is fair, unfair, right, wrong, good, bad, or ugly. Without editorial comment or taking sides, this short clip is worth less than 3 minutes of your time to better understand the basic structure of U.S. tax policy.