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Is America Financially Illiterate? The Numbers Are Alarming

By: Zoe Callaway, Kyle Hulehan, Dan Carvajal

Most Americans don’t understand how the 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. code works, and it’s costing them. In this episode of The Deduction, host Kyle Hulehan sits down with Zoe Callaway, VP of Education at Tax Foundation, to talk about tax and financial literacy in America.

They dig into the results of Tax Foundation’s national survey on tax literacy, the most stubborn misconceptions people have about taxes (including one that nearly made a teacher turn down her own promotion), and what’s happening in high school classrooms across the country. They also connect everyday tax confusion to bigger policy questions, from tariffs to tax refunds.

Links

    • National Tax Literacy Poll: Assessing Taxpayer Knowledge and Perceptions of the US Tax System See more
    • New National Tax Literacy Poll Highlights Need for Better Tax Education See more

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