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‘School Never Taught Us About Taxes,' Says Woman Who Wouldn’t Remember It Even If They Had (reductress.com)

submitted 7 months ago by tree@lemmy.zip to c/theonion@midwest.social

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[–] Skrewzem@kbin.social 29 points 7 months ago (3 children)

Ok, but like, what's there ro teach specifically? If you know math it takes just a while to crank the numbers

[–] AlligatorBlizzard@sh.itjust.works 26 points 7 months ago* (last edited 7 months ago) (1 children)

How tax brackets work, for one. I've seen so many bad takes from people who clearly don't understand them.

[–] RisingSwell@lemmy.dbzer0.com 7 points 7 months ago

I've heard more people get tax brackets wrong than right, it's insane.

[–] neptune@dmv.social 9 points 7 months ago (1 children)

A home econ class or hell even a math class could assign everyone some facts about their fictional situation (like a w2, number of kids, house payments, donations, etc) and then have everyone do their taxes for the year.

You'd teach the process. And spend some time looking at the tax table. Learning about standard deduction, learn about turning your taxes in on time.....

[–] Batbro@sh.itjust.works 5 points 7 months ago

I definitely did this in highschool

[–] calcopiritus@lemmy.world 1 points 7 months ago

What kind of taxes are there? When do you pay taxes (after what activity)? Who do you pay them to?

Not just math (which is often just a %, or brackets) to calculate taxes, the entire process.