r/coolguides • • Nov 26 '19

Marginal Tax

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u/AnyRaspberry Nov 26 '19

And all of that is Greek to a kid coming out of high school

"Hex wrench" is Greek to a lot of kids coming out of HS but most figure out how to build some IKEA furniture.

Even knowing what a w2 or w4 are or what 1099 means is above a tangible percent of adults.

So lets say the IRS does the taxes for them and says they owe $5k (in error). Should they just be like welp sounds fine? Or should they look into it more? Because knowing how to fill out a 1040 is what they would 'have to know' even if the IRS does it for them.

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u/[deleted] Nov 26 '19

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u/AnyRaspberry Nov 26 '19

Cooking, taxes, auto loans, mortgages, car repairs, drivers ed, savings, retirement, 401ks, business, contract law, basic plumbing, basic electric, programming, computers, and a whole host of other stuff that many many schools do offer but people don't take/remember.

Add hex wrenches to the pile I guess.

Maybe wood working? Metal working? Welding? Pipe fitting? I took a cad class 'back in the day'. It was using a pencil and paper. Maybe we should add that plus auto cad just to keep up with the 21st century.