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MTV News and NPR explain the power of taxes

June 13, 2015

MTV is still around? And it still has a news department?

Apparently so. And it's teamed up with NPR to talk taxes. My, my, my how things have changed since we all wanted our MTV.

What taxes buy: "Nobody likes paying taxes. Paying taxes is a bummer no matter who you are," says Adam Davidson, co-founder of NPR's Planet Money tells MTV in the video Rock Your Brain: Taxes = Power = You.

But, notes Davidson, in order to provide services the government has to pay for them in some way.

That way generally is taxes.

As the video notes, most of our tax dollars go toward just three programs: national defense, health care (Medicare and Medicaid, not Obamacare), and Social Security.

The remainder of our tax payments goes toward other programs — schools, roads, parks — that benefit our country and our individual communities.

Trimming the tax code: A major issue that most folks have with taxes is that they seem to be out of control. The time and frustration involved in complying with our tax responsibilities undercut the good that our taxes do.

The ideal tax system, says Davidson, would be very simple. Instead, we struggle every year with the huge, and typically growing, tax code.

For that, we can thank/blame lobbyists.

But we could take back our tax code. If more folks voted and then demanded that the Representatives, Senators and presidents we elect know what tax changes we want, things could change.

"If we shifted the tax code in a more fair and rational way, millions and millions of people would have more money, better access to food, to health care, et cetera," says Davidson. "The stakes are massive. If you could shift one lever, you could instantly improve life for a huge number of people."

The merging of taxes and tunes: As a taxpayer and a writer/blogger about taxes, I appreciate MTV's and NPR's effort to get today's youth involved in our tax and political systems.

To borrow from Golden Globe and Academy Award winning composers John Legend and Common, "it takes the wisdom of the elders and young people's energy" to make any substantive changes.

But as a music lover, I admit that I do miss the days when MTV News focused on musicians and the channel's primary purpose was to play music videos.  

Here's the best of both tax and musical worlds thanks to The Beatles.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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