# @kcaaccountants on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/B4PQUILFf_y
- **Gondola URL:** https://gondola.cc/posts/10053010-kcaaccountants-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/27d20e2a28.jpg
- **Posted:** 2019-10-30T10:05:29.000+00:00
- **Account Owner:** KCA Accountants (@KCAaccountants) — https://gondola.cc/KCAaccountants

## Caption

Thinking of stealing some sweets from your child this Halloween? Erin Lowry of TaxAct.blog has a few ideas about how your child’s stash of candy could prove to be a valuable tax teaching point. After all, what’s scarier than taxes?

Step 1: Evaluate the stash and point out how their night of “work” has produced good consequences. So just like when Mum and Dad work, there’s been an action done in exchange for a good.
Step 2: Now it’s time for the T word. Pick up a sweet (make it a decent sized one, not the parma violets!), and explain when Mum and Dad earn money some of that money goes to the government as a tax.
Step 3: Explain what taxes are used for - use some specific examples that your child can relate to: school, libraries, parks, etc.
Step 4: Now it’s time to deliver the bad news. You are the government and your child is the tax payer. Because you helped purchase and/or make the costume, and you went out to supervise trick-or-treating, your child should be willing to give up some of the earned chocolate for the collective, greater good. (In this case, the “collective, greater good” being your taste buds.)
Step 5: Stand firm or stand well back. The reaction could go either way. It’s up to you how much you reinforce this. But remember, we all have to pay taxes!
Step 6: Keep it up year-after-year and use this method as a foundation upon which to have other financial conversations. Easy!

So if you’re brave enough to try it, we’d love to know how it went. Happy Halloween.
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