Why does school not teach you how do you pay taxes?

The filling out of tax forms is not taught because the IRS provides instructions to do so. IRS rules change quite often making it much harder for a school to keep up. That’s why the IRS provides help by phone.

Should schools teach students how do you do taxes?

It is never too early to learn the value of financial responsibility. All high school students must graduate with basic financial skills. High schools, as well as other community organizations, should make strides to ensure that students graduate with at least the ability to balance a personal checkbook and file taxes.

Do schools prepare you for the real world?

Schools help you get into a college. They do not prepare you for the life ahead of you, and so many students and fresh graduates have trouble saving money and even paying their bills. Schools focus on teaching theories and concepts and do not focus on teaching students how to react in practical situations.

Should you teach your kids how to do taxes?

Teaching kids how to do taxes isn’t financial literacy. Oh, I definitely teach exponential growth, and the danger of high interest loans and credit cards. I try to instill numeracy. We talk a little about budgeting, saving, and investing. But teaching kids how to fill out a form is not preparing them to handle their finances.

Why don’t schools teach us stuff we can use?

This is often the answer to “why don’t schools teach us stuff we can use?” Many well intentioned teachers try to instill real-world skills into their students, but students don’t usually find it engaging, and most forget it by the time it comes to use it. It’s because stuff doesn’t feel relevant… until it’s relevant.

Why don’t schools teach about personal finance?

And schools haven’t caught up yet. Working on from the last point, teachers are older than the students (normally). Since they’ve been taught through the old education system, they too have no idea about personal finance, and therefore don’t feel capable of teaching it themselves. As you see, it’s a vicious circle.

Why don’t governments teach citizens how to file their taxes?

Governments don’t care if the citizens don’t know how to file their taxes. It helps the economy if the people all pay someone else to do their taxes for them. This is the same reason why students are not taught anything useful in the higher grades. It’s not helpful to the economy or the government if people are self-sufficient.

https://www.youtube.com/watch?v=jXTSYE_w4eE