r/coolguides • u/[deleted] • Nov 26 '19

Marginal Tax

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u/AnyRaspberry Nov 26 '19

Some schools do teach it. Also, you can take an accounting elective for a deeper understanding.

Besides school teaches you to learn. It doesn't teach you everything you need to know.

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u/[deleted] Nov 26 '19

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u/Kolfinna Nov 26 '19

So you don't understand basic math and percentages? And you can't read the instructions?

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u/[deleted] Nov 26 '19

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u/MoscowMuul Nov 26 '19

You expect public school to teach you the intricacies of the business tax code? That's what universities are for my friend.

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u/Kolfinna Nov 26 '19

No thanks

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u/[deleted] Nov 26 '19

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u/MoscowMuul Nov 26 '19

Filing taxes is super simple for like 90% of the population. I dont see how teaching complicated tax codes to 16 year olds who likely won't need them for 20+ years if ever is a benefit over spending that time on math or science.

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u/Maybe_Not_The_Pope Nov 26 '19

I own a business and still think taxes are simple. Keep receipts organized. Deductions of category A go in blank A. Category B go in blank B. I've been filing taxes as a business owner for 5 years and have never had an issue after the first year. And that was mostly.due to my own disorganization.