April 15th of each year is traditionally tax day in the United States. Since the 15th fell on a Sunday this year and the 16th is a holiday in Washington, D.C., the tax day this year is April 17th. Regardless of the actual day, Americans from sea to shining sea are asked to account for their income during the prior calendar year and pay Uncle Sam their share.
Whether it is due to the fact we are in an election year or our obsession with the economic woes of the United States, there are countless articles, blog and other editorials concerning taxes and tax rates. Articles regarding how much the President paid versus his secretary, how much we all pay as a result of people cheating on their taxes, what effect the Buffett rule will have on all of us are littering the internet.
Taxes are necessary if we are going to live in operate in a civilized democracy. It is necessary for each of us to pay our fair share to provide for many of the services we take for granted. Tax dollars pay for schools, emergency services, military services, highways and street systems in addition to countless other programs and services. The question becomes what is a “fair share”.
In the United States we employ a progressive tax structure when it comes to individual income tax. A progressive tax is based on a sliding scale that increases as your income increases. While this may seem unfair to some, there are many offsets to personal income taxes available to individuals for various reasons. As a result it is possible for someone with higher income to pay a lower percentage than others based on their exceptions or deductions.
What do you know about the federal income tax system? What other taxes are you aware of? How would you determine the “fair share” each family should pay?





