Is America Financially Illiterate? The Numbers Are Alarming

Most Americans don't understand how the tax code works, and it's costing them. In this episode of The Deduction, host Kyle Houlahan 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.

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