The new US tax law, explained with cereal

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  • Published on:  1/12/2018
  • We're a few Crunch Berries short, friends.Subscribe to our channel! http://goo.gl/0bsAjOVox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyEFollow Vox on Twitter: http://goo.gl/XFrZ5HOr on Facebook: http://goo.gl/U2g06oThere’s a new tax law in town. It passed without a single vote from Democrats in the House or the Senate, and it’s a huge windfall for the richest Americans, including President Donald Trump.But Republicans didn’t just want any new tax law, they wanted to reform the tax code. To give the richest Americans a big tax cut while still funding the government’s essential functions, like building roads and flying fighter jets, the GOP needed to find tax revenue somewhere else. To do that, they had to start taxing income that used to be tax-free, by closing loopholes and eliminating deductions. If all of that sounds boring and confusing, fear not. We’ve broken it down in this video. Just don’t blame us if it leaves you craving cereal.
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Comment

  • Vox
    Vox  a years ago+657

    If you want more context, read this article from our website that goes into more detail on the tax bill: http://bit.ly/2qWUe9h

  • voicedify
    voicedify a years ago+1382

    Most depressing Minecraft let's play I've ever seen.

  • Lactose_Cow
    Lactose_Cow a years ago+1250

    i dont get how the cereal analogy is easier to understand than just saying money
    EDIT: why are people still arguing about this

  • dakkehdak
    dakkehdak a years ago+894

    This cereal analogy was way more confusing than it had to be. Just use actual money, people aren't complete idiots and know how money works.

  • San Francisco
    San Francisco a years ago+49

    I would have understood it better if they used Rat poison or maybe decomposed granite.

  • Crypto Queen
    Crypto Queen a years ago+75

    You mean they steal our cereal!?
    Silly government rabbits
    don't you know Trix are for kids!

  • chu nation
    chu nation 6 months ago+35

    The cereal kinda made it more confusing, can we just say money

  • Dillydoe
    Dillydoe a years ago+27

    Good, the government is too fat to keep eating cereal.

  • jared brown
    jared brown 8 months ago+17

    But according to the Congressional Budget Office the top 20% earn 51.3% of all income and pay 84% of the income tax

  • Newcool67
    Newcool67 3 months ago+8

    Or, and listen this, the government could slow down its spending

  • EV2N
    EV2N a years ago+2285

    Cereal killers

  • Investing Book Summaries
    Investing Book Summaries 6 months ago+4

    Could have just used cash instead

  • Cheah chung yin
    Cheah chung yin 11 months ago+4

    Lets make tax more interesting by literally replacing the word tax with “cereal” instead.

  • James Edwards
    James Edwards a years ago+2

    Tax Cuts + Reduced Spending = MAGA!

  • Malacki 655
    Malacki 655 3 months ago+1

    Could you just explain it with money, the cereal analogy just made it even more confusing.

  • Erómeon
    Erómeon a years ago+1345

    I find curious how I know more about American news than my own country's. Thanks Vox.

  • Najla Syed
    Najla Syed 2 months ago+1

    I dont want to eat cereal anymore it will remind me of taxes!😁

  • Jordan Sage
    Jordan Sage a years ago+1

    Cereal? A bit condescending, vox. Lol.

  • Myles Schutte
    Myles Schutte 2 months ago

    Get your own cereal government!

  • Officially Interesting
    Officially Interesting 3 months ago+1

    Honestly, I think this law is surreal.