Four Big Tax Myths

Here in the United States we just finished tax season (the deadline for filing passed on the 15th of April). I don’t usually talk about economic issues here, because I’m a science guy not a money guy, but my skeptical colleague and friend Jamie Berstein from Skepchick knows money, economics, and taxes way better than me, and she recently wrote a killer blog post on tax myths. Read on 🙂

4 Myths about Taxes

If you’re living and working in the U.S. then you know today is that most infamous of “holidays,” Tax Day. You are either rushing to finish your taxes and get it to the post office before they close or are smugly sitting back and relaxing because you finished your taxes ahead of time to avoid the last-minute rush.

As one of the latter who already received and spent most of my refund weeks ago on new clothes and buying the geeky t-shirt quilt Mary made to raise money for SkepchickCON (which my cat has since claimed for himself — See featured photo), I thought today would be a perfect day to bust some myths about taxes. These are meant to apply only to tax system of the U.S. though there may be parallels to systems used in other countries.

Myth #1: Progressive income tax systems encourage people to work less or avoid promotions because if you make enough more money to cross into a higher tax bracket, you’ll actually be taking home less money after paying taxes.

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Myth #2: Flat taxes are fairer because everyone pays the same amount.

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Myth #3: No-income tax states have low taxes and still manage to get by just fine. They are proof that we can still have a thriving economy while keeping taxes low.

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Myth #4: Tax Deductions are a way for the government to save people money without spending any money.

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For full details and explanations, read Jamie’s full post at Skepchick.

CNN Taken to Task Over Its NON-Critical Thinking on the Boston Bombing

As I mentioned in my last post regarding this past Monday’s Boston Marathon bombing, there has been a huge amount of rumor, misinformation, and innuendo floating all over the place, and we should do what we can to combat it.

Of course, one would hope that our media outlets, such as “The Most Trusted Name in News” CNN, would take such a task to heart, making certain to get their facts straight before they report the news.  But, sadly, in the era of the 24-hour “news” cycle, it appears that getting it right takes a back seat to getting it first.

I can think of no other way to illustrate this point more clearly than to reference The Daily Show’s incredible smackdown of just how badly CNN botched some major news regarding the bombing:

Yup, that’s CNN… the most busted name in news.

Rumors and Misinformation in the Aftermath of the Boston Marathon Bombing

As you well know by now, there was a horrific bombing of the Boston Marathon yesterday on Boston’s Patriot Day.  Like many people, I spent much time last night discussing the situation online.  And, of course, in the aftermath of such an emotionally charged and upsetting situation, rumors, speculation, and – sadly – conspiracy mongering will run rampant.   However, I am of the feeling that knowledge is power, and it is better to say “I don’t know” than to speculate wildly; after all, as I told someone online last night: “rumors =/= knowledge”

So, in the spirit of spreading accurate information and squashing rumors, misinformation, and conspiracy mongering regarding the Boston Marathon Bombing, I would like to refer the reader to this collection of rumors and junk debunked from our friends at Snopes.com:

Please take a few minutes to check that link, and by all means spread it far and wide over the Internet and via social media, because we do ourselves no favors by giving into our fears and allowing them to make us act irrationally.