Money Talks: Exemptions and Loopholes
Tuesday, April 14 2009
by Amber Nimocks and Frank Stasio
For most of us, paying federal income tax has been a part of American life for as long as we can remember. But the grand tradition did not begin until the early 20th century. Since then, lawmakers have been busy designing a tax code so complex many of us must hire professionals just to decipher it for us. As the filing deadline approaches, a couple of tax experts, Karl W. Smith, associate professor of public economics and government at UNC-Chapel Hill, and Larry Zelenak, a professor of tax law at Duke University, join host Frank Stasio to discuss the past and future of the tax code as part of our Money Talks series.
This story is part of the Money Talks Series.
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