The standard Tax Day would usually be this week. But, thanks to a government extension we all have another month to file.  As adults we often dread “tax day.”  We sometimes forget what the taxes are used for – and how they benefit our day-to-day lives.

In this Seven Figures – Seat at the Kids Table podcast segment, we asked kids if they paid taxes and what they thought about them.  It’s a subject many adults do not discuss much, let alone kids.  But it is an important topic to help them understand why taxes exist, and that they do serve a purpose for us all on a local and national level.

Have you ever discussed taxes with your kids?  Have your kids ever asked about them when out shopping together?  If so, what did you tell them?

 

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Written by Susan Beacham
Susan Beacham founded Money Savvy Generation in 1999 after almost two decades in private banking and investment management complemented by considerable time teaching at the elementary level.

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