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10 Common Tax Myths, Debunked

What You’ll Learn

  1. Identify some of the most common taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. myths and tax policy misconceptions and learn how to separate fact from fiction.
  2. Discover why tax refunds shouldn’t be celebrated, why you should pay your income tax bill, and why certain deductions are wrongly labeled “loopholes,” among other useful facts.
  3. Improve your ability to counter misleading arguments about the tax code.

Common Tax Myths