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Thursday, May 28, 2009

Monopoly -- Income Tax Edition

Monopoly Check out Monopoly: Income Tax Edition:

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.

I absolutely love this warning:

Please note that this is not a representation of real-life tax preparation. It is a simplified simulation meant to educate children on the basic principles of income and taxes and should not be taken as a source for tax preparation information.

(Hat Tip: Sarah Lawsky, Jim Maule.)

http://taxprof.typepad.com/taxprof_blog/2009/05/monopoly-income-tax-edition.html

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Comments

Psst. The Bilton Mradley Firm would like to sell you a tax shelter, including an opinion letter from Parker Sisters LLP.

Posted by: B | May 28, 2009 12:28:20 PM

While they're modernizing it, perhaps they can clarify some of the house rules: now that companies can get billions of dollars for making cars nobody wants to drive, it actually makes sense to strike it rich landing on the free parking square.

Posted by: TaxRascal | May 28, 2009 2:27:59 PM