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Monopoly Income Tax Expansion

1 min readBy: Joseph Bishop-Henchman reports on an add-on you can buy for your Parker Brothers Monopoly set: figure your income taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. every turn!

This is a fairly easy Monopoly game expansion to teach youngsters the principles of filing and paying income tax. It includes an income tax form on which players keep track of income and deductions, figure and pay their income tax at the end of each circuit of the board. Players may opt to hire themselves out as tax preparers and those who do not wish to file their own returns may hire and pay tax preparers to do so, the cost of which is tax deductible, of course.

The forms are here. And in case you’re wondering, Monopolyland has a 10% flat taxAn income tax is referred to as a “flat tax” when all taxable income is subject to the same tax rate, regardless of income level or assets. .