No, they don't know it. I volunteer with the VITA program doing tax prep for low-income people, and most of my clients don't appreciate that the government is taking money from their paychecks to pay tax. I explain it to them every year, but I'm pretty sure it doesn't stick.
I'm pretty sure half my clients don't even read their W-2's or other tax forms, except to go "this's a tax form from my employer / bank / charity / etc; guess I'll bring it when I go do taxes."
- Prev
- Next
The IRS does publish just that, with two pie charts and text, at the end of the Form 1040 instructions!
Unfortunately but unsurprisingly, hardly anyone reads it.
More options
Context Copy link