What You Need to Know About Taxes

Oliver Wendell Holmes Jr., justice of the U.S. Supreme Court, once declared, 'Taxes are what we pay for civilized society.' The Internal Revenue Service includes the statement on a web page of inspirational and entertaining quotes on taxes, a subject about which many teens lack practical knowledge. This engaging volume explains the many types of taxes, some of which young adults may already pay, and describes how taxes fund essential local, state, and federal services. It offers a solid grounding of taxes that can help prepare teens for financial independence and provides practical guidance, including how to file personal income tax returns.