Conversation with my 7 year old about taxes and why Obama won’t win.
Last night, on the way home from school, my seven year old initiated a conversation about taxes.
Son: Mom, what are taxes?
Me: There are a lot of different taxes, which ones do you want to talk about?
Son: I dunno, which one can you explain to me.
Me: Well, let’s start with income tax. Say you work for someone and you make $100. Taxes are taken out of that money you earned. So let’s say you earned $100 but the taxes are $20 and that $20 goes to the government to pay for things.
Son: TWENTY DOLLARS?? That’s a lot of money.
Me: Well, it depends on how much you earn. The more you earn, the more taxes you pay.
Son: So why would you want to earn a lot? What do they do with the money.
Me: Sometimes, it’s hard to tell but it is suppose to be used for keeping Americans safe and helping the people that live here.
Son: So why don’t the people it’s helping go out and get a job and earn their own money?
Son: What other kind of taxes are there?
Me: Well, there’s property tax that we pay for the houses, there is sales taxes, personal property tax, social security taxes, taxes on cable and internet, taxes on gas, there’s a lot of them.
Son: That stinks.
Yes it does.
Then he went into how his second grade classmates think Obama is going to win.
Son: McCain’s going to win the election.
Me: That’s right but why are you so sure.
Son: At lunch all I hear is Obama, Obama, Obama is going to win.
Me: Okay, but why do know McCain is going to win.
Son: (As he lets out a big sigh) Mom, the kids that say Obama is going to win still believe in Santa Claus.
Gotta love the mind of a seven year old.