The Most Important Things You Need to Know About Taxes in America

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The word "tax" was mentioned 109 times during last week's presidential debate. For comparison, the first presidential debate of 2004 only saw six mentions of the word "tax." In the 2000 debate, "tax" was only mentioned 26 times. Taxes are a huge issue right now. Everyone cares. Everyone has an opinion.

Here are 10 of what I think are the most important points to keep in mind about taxes in America.

The article The Most Important Things You Need to Know About Taxes in America originally appeared on Fool.com.

Fool contributor Morgan Housel has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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