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This book was created and published on StoryJumper™
©2010 StoryJumper, Inc. All rights reserved.
Publish your own children's book:
www.storyjumper.com
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There was once a pirate named Jack. Jack did
lots of looting and plundering, so he had a
very high income. Unfortunately for Jack, he
was also a legal US Citizen, so he had to pay
federal income tax, as well as FICA. Though he
hated paying taxes, Jack did, because he
didn't want to be arrested for tax evasion,
thus confirming the governments assumption
of voluntary compliance. Also too bad for
Jack, he has a large amount of taxable
income, so he is at the top of Federal Tax
Bracket, which hurts him because the US uses
a progressive tax system, instead of a
regressive tax, which would help him but hurt
the poor.
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So Jack took his loyal crew, who he wanted
to claim as dependents, to town to the post
office. There he picked up his W-2 form,
tried to get a 1040 EZ form, but found out
he made to much money, and got a copy
of IRS Publication 561 so he could figure
out the value of the goods he had donated.
He has no money in the bank getting
interest, so he did not receive a 1099 Int
Form. He also got an instruction booklet so
he could figure out his filing status, what
kind of deductions he could claim, how to
calculate his Adjusted Gross Income, and
how much his personal exemption would
be.
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Using the instructions, Jack found out that he
would only receive a standard deduction,
because he was not married filing jointly. He
also discovered that he had sent to much in
withholdings to the government and had
received several tax credits due to his charity
work, so he received a large refund. Jack
requested a direct deposit, but because he did
not have a bank account, an agent of the
Internal Revenue Service (IRS) came and gave
Jack his large refund.
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This book was created and published on StoryJumper™
©2010 StoryJumper, Inc. All rights reserved.
Publish your own children's book:
www.storyjumper.com
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There was once a pirate named Jack. Jack did
lots of looting and plundering, so he had a
very high income. Unfortunately for Jack, he
was also a legal US Citizen, so he had to pay
federal income tax, as well as FICA. Though he
hated paying taxes, Jack did, because he
didn't want to be arrested for tax evasion,
thus confirming the governments assumption
of voluntary compliance. Also too bad for
Jack, he has a large amount of taxable
income, so he is at the top of Federal Tax
Bracket, which hurts him because the US uses
a progressive tax system, instead of a
regressive tax, which would help him but hurt
the poor.
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