Question: What are taxes?

In our latest video, "Ed Price - Tax Laugh: Tubo Tax is Easy!!!", we entered a contest done by Turbo. A few of our audience members weren't familiar with the English word, "tax," and they wanted to know more. So...

Question for the Emperor: What are taxes?

In our video,we throw a lot at you that might be hard to understand if you don't speak English very well.

Taxes are payments you make to the government. When we "do our taxes," we fill out these forms and send our income receipts to the government. They then charge us more money if we've been with-holding too little from our paychecks, or they give us back money if they've been taking too much from our paychecks. Also, by filling out the forms (itemizing and deducting), you can actually get more money back.

Here's the video:


So, a company that makes tax software, Turbo Tax, is holding this contest we entered.

Thanks!

- TAE