Tax Stories
Posted on 24 January 2006
As you know, tax time is here and I’m back to preparing taxes. It’s funny in a way how ignorant we can be. I wanted to share this story because it makes me wonder what we are teaching in school or better yet, what we are NOT teaching. A young girl (20 years old) wanted her taxes prepared. After finalizing her taxes, she had a refund of little over $100. After she saw the amount, she said that she could go online and get more money than what I told her. Her return was a simple return: One W2 and no other deductions. She said that she received more money last year and made less money. I tried to explain to her that the more money she makes, more taxes will be taken out. She then said to me “Well who keeps the rest of my money?” When I told her Uncle Sam, she said “No, that’s not right.” She will definately be shocked when she realizes that she cannot get more money online. The funny thing is that she thinks that the government takes out taxes all year long to give it back to us at the end of the year? Get real!!!
Responses are closed for this post.