If you can’t figure out how to fill out a tax form with your W-2 you weren’t gonna graduate school anyways
@BigJohnson86, it's not that it's hard to do, it's just that we should be taught more about how to do them, how much we should pay (percentage wise) and just overall just be more confident about it.
@delsinrowedent, your tax forms tell you exactly how much you paid down to the cent.
If you have enough money invested in various things that it becomes too difficult, you also have enough to pay someone for help.
Basic math is all that is required.
If you graduate high school, you should have both the math and language skills required to complete your taxes.
@Majesticmoose00, I'm talking about when you get a job what percentage you should put down when you get a new job or change it on the form. And that school should teach us more about taxes. Basic math is only required for basic taxes. If you invest or have any other way untracked income that's not on a W-2 form then your kinda screwed. What about if you wanna invest? What if you donate to charity and want a tax break? Is there any way to take actions that will reduce my taxes? That's the questions that NEED to be answered, instead school focuses on frivelous crap that we simply don't need.
School needs to teaches us more about life after high school. Their too busy trying to shove college down our throats to realize that they should teach us how to not only how be adults, but how to thrive in the world.
Sorry if I'm ranting, I'm just a bit salty since I just finished high school and realized that I essentially wasted 4 years of my life learning pretty useless crap.
@delsinrowedent, I agree, like you said its pretty easy to fill out a 1040ez even if you dont use tax software, but the second you start donating or investing things get complicated quick. And if you dont know what records to keep, or that X could get you a tax break then how can you know to claim it? Tax software help but not that much..
@delsinrowedent, the thing is, any of that can be answer with a 30 second Google search. It's not exactly something you should need a 4 year degree to figure out. You know the important things now don't you? Even without them teaching it? They give a lot of general knowledge on topics to try to spark the interests of different people. Susie might want to be a biochemist and use that science teaching while Billy might want to be an engineer and use the math. That's the point of high school and college. High school gives you a taste of a broad range of subjects so you can see what you like, and college greatly narrows that down for practicality.
@BigJohnson86, i tried that in school and somehow got the wrong answers every time. No fvcking idea how and the teacher just moved on. Now i use turbo tax.
@delsinrowedent, that petty crap is all information you're expected to know. It's all general common knowledge. If an employee asks you a question that they expect you to answer, because it's common sense, youd look like an idiot not knowing it. This if you didn't learn everything you learned in high school, you'd never be able to get a job.
@BigJohnson86, unfortunately, a lot of people don't know. They don't know the difference between a W-4 or W-2. They don't know many things regarding taxes, banking, car registration, etc. This attitude of "is not that hard" doesn't actually help. You would think parents will teach their kids about this, but most parents don't. I actually had to teach my husband a lot about taxes and banking.
@mayora13, has he not heard of Google? I was able to teach myself taxes at 19... it's not rocket science
@mayora13, it really is not the problem tho. You’re talking to me through a device that can access all the knowledge of humanity. Anytime I want to know something I look it up. There’s mountains of videos and literature on tax forms. When I was 16 and my boss handed my a w-4 on my first day I asked him what it was and he told me. The problem is people think they don’t have to get the answers or are to stubborn to ask. I’ll bet someone in your circle of friends and family knows the answer even if the internet exploded. School isn’t meant to teach you how to live your life. It’s just supposed to give you the basic skills necessary to succeed. Knowing how to write that 10 page paper in your senior English class wasn’t about some obscure book no one reads. It was about researching a topic and learning how to find answers. All those math classes past middle school aren’t necessary outside of stem fields. But it advances your problem solving skills. There’s a reason you have core classes
@theshadosnipe, his tax situation when I met him, was not the same as when he was 19 and just claiming zero. After we decided to be together, and joined our finances I realised that he only knew the bare minimum, because his parents were very secretive with their money. Now that the tax code has changed, we had to get outside assistance for the first time doing our taxes. Life changes, situation changes, and a lot of people never think that this changes affect their tax situation.
@BigJohnson86, why are you so against the idea of schools teaching about this? It will actually help people. I have worked in banking, human resources and now a government program that deals with cars. A big majority of people are extremely clueless about all of these issues. It will be a big plus if young adults were taught something that will actually affect their lives.
@mayora13, you assume what they’re taught would be right. Tax law changes regularly. They should be taught the skills to find out that answer and any other. If you had been taught how to file your taxes 10 years ago how much of that knowledge would you use today? Would it cause you more problems by screwing up your taxes badly now? How many people are even aware of what changed? The tax reform greatly changed and w-4 changed too. If I spend that time teaching you research skills you can use that. Outside of history and science very little specifics should be taught.
@BigJohnson86, and like any class in existence, they will be updated and revised each year. They wouldn't just teach the basics of taxes and how to do it, but resources for the future. Why not? Why so opposed to it? I mean, most people will end up wasting their money at h&r block and other tax companies because they were never taught how to attempt to even do it themselves. How many people don't even know that they could file their simple taxes for free, because tax companies hide that info?
@mayora13, I use H&R most of the time for my taxes, and yes mine are simple. However, it costs me a grand total of $20 and gives me total protection in the event of something being off. That's less then the cost of eating out, and it's once a year. Being someone who was in high school not that long ago, even if they had offered it I wouldn't have cared, and I know most wouldn't. How many do you think would actually retain that info, or even pay attention? Most students only care about classes they find interesting (myself being math and science), and I don't see that many caring about taxes and tax laws
@theshadosnipe, I did temp job for H&R in CA. Their prices start at $70 bucks for simple filling and go up to hundreds of dollars for add-ons. Also, just because you don't find something helpful, doesn't mean nobody else would. That's why community colleges offer classes on how to use computers, or how to use Microsoft software, etc. Because a lot of people find it useful.
@mayora13, that's California pricing, for one. Everything is expensive there. And most of those computer classes and such are meant for elderly who didn't grow up with them. Granted, others do use them but that's not their purpose. Besides, my original point still stands. How many teens would actually pay attention and retain enough for it to make it worth using up a portion of the school year to teach? Based on my own school experiences, not many
@theshadosnipe, the point you seem to be making is not that a class teaching teenagers about future responsibilities is useless, but that teenagers will be too lazy or stupid to retain the information. Information on subjects that will repeat yearly, during the same month.
@mayora13, I'm arguing both points. Teenagers are useless and the class is useless. Why waste an entire semester on something that can be taught in a few hours?
Just don’t pay them.
@A Deformed Penis, It worked for Al Capone right?
@A Deformed Penis, Peak libright.
You go to the taxes store and say "i would like to pay for one taxes please". And youre done. With your life. Cus youre ignorant. And useless. Cus this is what happens when people focus on sex china cartoons and forget about real life. So if you like sex china cartoons and dont know how to survive in a regular, not that complicated world, you should probably die. A horrible death. Like in those sex china cartoons
I learned taxes in school. Algebraic connections taught me a lot of financial math.
I'd like to point out that Turbo Tax is stupid easy to use
America where taxes are supposed to be taught by parents but sex ed isnt.
I'd say it's a parents job to teach that mess. But in reality no one really knows how it all works.
@delusionalwino, not everyone has parents that are responsible and care to teach their children. I had the scummy parents, the ones that you didn't want to learn from.