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As far as teaching about taxes goes, I think the best thing to do would be to broadly cover what the taxation process is. Explain what the income tax is, why FI
by BitwiseFool 5y ago
As far as teaching about taxes goes, I think the best thing to do would be to broadly cover what the taxation process is. Explain what the income tax is, why FICA is split between you and your employer, what capital gains taxes are, etc. I know the specifics of the tax code are fickle but the core principles of credits, deductions, withholding, refunds, etc. have been there for decades and are likely to remain stable. But to your point, we don't need to test students on their ability to fill out a 1040 correctly, just what it's used for.