WHERE TO WATCH
How Prohibition Led to Income Taxes
April 6, 2019
Income taxes are one of the most hotly debated topics in American politics - but do you know why we have them? Cheddar explains why we can blame Prohibition for the existence of the federal income tax.
Comedy Star Ellie Kemper Wants You to Put Down Your Phone This Holiday Season
Mar 28, 2019
Upset about your Lower Tax Refund? Blame Prospect Theory
The Tax Cuts and Jobs Act lowered the average American household's 2018 federal tax obligation by $1,600, meaning families will get more in each paycheck but a smaller refund. Cheddar explains that because of the behavioral economic principle of prospect theory, people won't notice the $50 over time - but will notice the $1,600, because the loss aversion instinct is stronger than a desire for long-term gain.
Feb 22, 2019
NY Rep. Says 'Don't Believe the Phony Spin' This Tax Season
Representative Tom Reed, a Republican from New York, joins Cheddar to discuss how the changes in the federal tax law are impacting Americans.
Jan 29, 2019
In Year 1 of Tax Reform, H&R Block Chief Asks If You Withheld Enough
Between changes in the tax code and the government shutdown, H&R Block knows this year's tax season is likely to be stressful for many. That's why the company's introducing a slate of tools, some artificial intelligence-enabled, to help make it easier and more transparent to file. "This year we are introducing upfront, transparent pricing, so every single consumer will know what's it going to cost before I start," H&R Block CEO Jeff Jones told Cheddar.