As Ben Franklin is famously alleged to have said, "Nothing can be said to be certain, except death and taxes." Although I'm a 28-year-old who still doesn't fully understand how taxes work, that's not to say that the next generation of kids can't be more financially savvy. This Halloween is the perfect opportunity to teach your kids about taxes for one sweet reason: you can teach them using their candy haul . . . and in this scenario, you're the tax collector.
Win freakin' win.
If you're interested in giving your kids a little lesson on taxes this Halloween, Letterfolk, the brand behind those Instagram-worthy letter boards you see all over your feed, is here to help. Last year, the husband and wife team behind the brand, Johnny and Joanna, shared a "Halloween Parent Candy Tax Form" on their blog, and even though the printables say 2017, we're ready to use them this year.
There are only two things that are certain on Halloween: candy and taxes. Few teaching moments are better suited for helping your children learn about hard work, sweet rewards, and having said rewards taxed and consumed by their overlords. And it's only appropriate that you, their parent, should help them understand these valuable lessons. . . Depending on their tax bracket (or age), determine each child's suitable tax rate. After they have collected their sweet spoils and tallied up their various treats, multiply their income by their tax rate to compute their tax payment. We recommend that a parent be present during this process to ensure an accurate accounting, and to collect required tax payment immediately.
Check out the printable form ahead, and get ready to eat a whole lot of Reese's (that you won't have to secretly steal after bedtime!).