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In Short

The Significance of Tax Day

Every year, tax season generates a flurry of conversation about the meaning, importance, and necessity of paying income taxes. Over at (a non-partisan initiative focused on elevating poverty-related news) our and , of Heritage, respond to the question: what does tax day mean for low-income Americans? While they disagree on the fundamental emotive underpinnings of taxation, both view the tax time as a unique moment that can be used by lower-income people to build assets. For example, Cramer focuses on the opportunity this influx of cash presents, citing the $aveNYC pilot that helps low-income New Yorkers maximize their refunds. John highlights the long-term value of diverting refund money into retirement accounts. for their full views. Also don鈥檛 miss our other recent tax-related work, especially Rachel Black鈥檚 piece at Mother Jones 鈥溾

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Hannah Emple

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The Significance of Tax Day