Sunday, April 14, 2019

APRIL 15: A taxing discussion

As I imagine was the case in many households, at dinner over the weekend our conversation focused on the looming income tax deadline. My brother seized the opportunity to educate the Young Relative, who must file his first tax return this year, about how taxes work. Using a napkin to represent one's total face-value income, he folded it over with each tax he named: withholding, Social Security, worker's comp, gasoline taxes (that one hit home for the Y.R.), sales tax, earned income tax, state tax, local tax, earnings on investments and dividends, estate taxes, and so forth and so on.
The large napkin became very small, very quickly.

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