I teach school for 40 grand a year before taxes.

[lacrew]

24. This dog realy doesn't hunt

You can go to H&R Block and do a quick tax calculator.

Single and make $40k, you owe 10.4% in taxes...and you can add 4% for SS and 1.5% medicaid...15.9%.

Got a kid, and make that much? 12%

I've literally filled out hundreds of returns (for free, it turns out). Most people only have a partial knowledge of the code. For instance, a single person making $40k is in the 25% bracket...not 'more than twice Romney's'. A married couple making that much would be in the 15% bracket.

But beyond that, a 25% bracket does not usually mean you pay 25%.

I firmly believe that a tax class should be a requirement for high school graduation.

Advantages:

1. Young people won't get ripped off for doing ten minutes paperwork, and paying for a refund anticipation loan.

2. People will have a fuller knowledge of what they actually pay...not what Warren Buffet says they pay