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Yes, none of my high school graduate children really understand any of this. When they got their first jobs I made them do their tax return by hand on paper. Fo
by throwawayboise 5y ago
Yes, none of my high school graduate children really understand any of this. When they got their first jobs I made them do their tax return by hand on paper. For so many people, "doing your taxes" is when you give your paperwork to H&R Block and you get a refund sometime in the first part of the year. They have no concept that the "refund" was their own money to begin with, and the fact that they are getting it back means that they have been giving the government an interest free loan for the last year.
- imtringued 5y agoIt's a necessary evil because enforcing taxation at the employer is easier than at the employee. We would need invasive banks for that.