Taxes are used in our everyday lives when we buy food, supplies, and everything. Understanding taxes is a huge life skill that many individuals need to learn, so why not learn them in high school? Unfortunately, our current school systems often don’t teach this important subject, and leaving freshly graduated seniors to learn on their own is hard on them when it’s one of the biggest skills they need to know. I really believe that schools should teach students about taxes because it will help them manage their finances better and understand what having a house and a real job is like.
Teaching students about taxes would give them the everyday knowledge they need to handle the craziness of the tax system. Taxes are unavoidable in every life; knowing how they work and how to do them is key to good financial decisions. Many young adults start working without any knowledge of taxes and they don’t even know how much will be needed to pay for taxes. By adding tax education to school systems, students would learn about different types of taxes, the importance of keeping financial records, and how to use certain software. The basic knowledge would make them more confident in handling their finances and help them avoid common mistakes.
Additionally, teaching taxes in schools would help students understand their role in society. Taxes are one of the main money in take that the governments get money to help fund education, healthcare, roads, and public safety. Understanding how taxes work and why they are needed in this economy, students would learn how they are helping their community and country. This knowledge could help lead to better informed and educated citizens who are better taught about their politics and government spending.
Including tax education in school could really help ease high school students into their future financial stress for young adults. Dealing with taxes can be somewhat overwhelming, especially if you don’t know much about it. The confusion that comes with taxes can lead to many money mistakes that can lead to tax fraud and missed saving opportunities. By teaching students about taxes early on before they start working, schools can help ease them into taxes with minimum stress. Students would be better prepared to handle their taxes, make smart financial decisions, and take advantage of tax benefits. This proactive approach to financial education would help with overall financial well-being.
In conclusion, adding tax education to schools is a hugely important step in preparing students for the real world. It will give them crucial financial knowledge, help them understand their payment duties, and reduce the stress that comes with taxes. As life gets more crazy, it’s important that our education system is involved in equipping students with the skills they need to succeed. Teaching taxes in schools is an impactful way to ensure that young adults are ready for the financial ride ahead.
