Wednesday, November 04, 2009

Sounds Like A Plan

Some real world education for the young'uns:

How to turn your kids into lifelong tax cutters

My former White House colleague Tevi Troy suggested the following method for turning children into lifelong tax cutters.

1. Make each of your kids spread his or her Halloween candy out on the kitchen table.
2. Take one-third of it.
3. Say, “That’s called TAXES.”
4. Repeat each Halloween.

I figure it will take maybe two years of this to turn them into lifelong tax cutters.

For most kids, this is probably the first income they have earned through their own labor. Maybe it’s better they learn about taxes now, rather than 10-15 years from now when they first ask “Who the h*** is FICA?”

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