{"id":23182,"date":"2023-02-14T04:15:13","date_gmt":"2023-02-14T12:15:13","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=23182"},"modified":"2023-01-23T16:57:34","modified_gmt":"2023-01-24T00:57:34","slug":"3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html","title":{"rendered":"Wondering How to Teach Your Kids About Taxes? Consider the &#8216;Parent Tax&#8217;"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-23187\" title=\"parent tax\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg\" alt=\"teach kids about taxes\" width=\"395\" height=\"262\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax-300x199.jpg 300w\" sizes=\"auto, (max-width: 395px) 100vw, 395px\" \/><\/a><a href=\"https:\/\/lenpenzo.com\/blog\/id528-dont-get-caught-paying-the-stupid-tax-2.html\" target=\"_blank\" rel=\"noopener\">Paying taxes<\/a> is something your kids will have to deal with as adults. So why wait to teach your kids about taxation and earning money until after they get their first job?<\/p>\n<p>You shouldn&#8217;t. <span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">Teach your kids by charging them the &#8220;Parent Tax.&#8221;<\/span><\/p>\n<p>The Parent Tax is a simple concept. Children pay a flat-percentage tax to their parents on any money that comes into their possession. The percentage is up to the parents. And the tax can be levied on birthday money, allowances, and any other source of income.<\/p>\n<p>Some people will be up in arms over the suggestion that they should tax their children. But the Parent Tax is a tool that parents can use to educate their kids about personal finance issues. According to a student survey performed by Capital One, although high school seniors say their parents are their <a href=\"https:\/\/investor.capitalone.com\/news-releases\/news-release-details\/capital-one-survey-finds-nearly-half-graduating-high-school\/\" target=\"_blank\" rel=\"noopener\">primary resource<\/a> for information about money management and personal finance issues, only 20% of those polled report that they talk to their parents about money management frequently.<\/p>\n<p>With that in mind, here are three key reasons why the Parent Tax is a great tool for teaching kids about taxes:<\/p>\n<p><strong>It Prepares Kids For Their First Real Paycheck<\/strong><\/p>\n<p>My parents didn&#8217;t impose the Parent Tax on me, so I was blindsided when I received my first paycheck and saw all of the withheld state, federal, social security and medicare taxes! I was severely disappointed. Children who pay the Parent Tax, however, are aware that taxes are a part of life and don&#8217;t expect to receive every dollar they earn in their paychecks. You can even use the tax to help your kids understand why they pay taxes.<\/p>\n<p><strong>It Helps Kids Feel Like They&#8217;re Contributing<br \/>\n<\/strong><\/p>\n<p>Raising kids isn&#8217;t cheap and most kids have no clue how much money it costs to raise them. The Parent Tax helps kids understand that housing, food, and clothing isn&#8217;t free. Kids will take pride in knowing that they&#8217;re contributing to the family. By keeping track of how much revenue Parent Taxes generate for your family, you can show your children what that money pays for. For example, if the Parent Tax raises $100 a month, you can show your kids that $100 a month could pay for a week&#8217;s worth of groceries, or one month of electricity, or part of the cable TV bill. The tax could even be used to pay for a family trip to Disney World.<\/p>\n<p>Your kids may not agree with what their taxes are paying for. They may think that they shouldn&#8217;t have to pay for the broccoli they don&#8217;t eat &#8212; but this is a great opportunity to teach your kids that adults don&#8217;t always agree with everything that their taxes pay for either!<\/p>\n<p><strong>It Acts as a Forced Savings Account<\/strong><\/p>\n<p>Of course, I&#8217;m not actually suggesting that you spend the money that the Parent Tax generates. Instead, use that revenue for your child&#8217;s future. For example, invest it in a college fund &#8212; just don&#8217;t tell your kids until they <a href=\"https:\/\/lenpenzo.com\/blog\/id1255-22-signs-your-college-degree-might-not-be-worth-the-money.html\" target=\"_blank\" rel=\"noopener\">head off to college<\/a>. Then surprise them with the resulting investment account statement. They&#8217;ll take pride in knowing that they were the source of this money. Hopefully, as a result of the money discussions the Parent Tax initiated when your kids were younger, they won&#8217;t end up blowing the money on partying.<\/p>\n<p>And if your child <a href=\"https:\/\/lenpenzo.com\/blog\/id15280-4-smart-reasons-why-college-isnt-for-everyone-2.html\" target=\"_blank\" rel=\"noopener\">doesn&#8217;t go to college<\/a>, then he can use those Parent Tax funds to cover the security deposit and rent on a first apartment, or to buy affordable furniture.<\/p>\n<p><strong>Don&#8217;t Be The Parent That Doesn&#8217;t Talk About Money<\/strong><\/p>\n<p>Please, don&#8217;t be the parent that doesn&#8217;t talk to their children about money. Institute the Parent Tax today. Start those money conversations!<\/p>\n<p>How much would you be willing to tax your children?<\/p>\n<p><strong>About the Author<\/strong><\/p>\n<p><em>Lance Cothern is a Virginia licensed Certified Public Accountant (CPA).\u00a0<\/em><\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: familytreasures<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paying taxes is something your kids will have to deal with as adults. So why wait to teach your kids about taxation and earning money until after they get their first job? You shouldn&#8217;t. Teach your kids by charging them the &#8220;Parent Tax.&#8221; The Parent Tax is a simple concept. Children pay a flat-percentage tax [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":23187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[459,466,468],"tags":[],"class_list":{"0":"post-23182","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-family","8":"category-saving","9":"category-taxes","10":"pmpro-has-access","11":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Wondering How to Teach Your Kids About Taxes? Consider the &#039;Parent Tax&#039;<\/title>\n<meta name=\"description\" content=\"Like it or not, taxes are a fact of life. The &quot;Parent Tax&quot; is can teach your kids about taxation and earning money before their first job.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wondering How to Teach Your Kids About Taxes? Consider the &#039;Parent Tax&#039;\" \/>\n<meta property=\"og:description\" content=\"Like it or not, taxes are a fact of life. The &quot;Parent Tax&quot; is can teach your kids about taxation and earning money before their first job.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\" \/>\n<meta property=\"og:site_name\" content=\"Len Penzo dot Com\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/LenPenzo\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-14T12:15:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"332\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lance Cothern\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LenPenzo\" \/>\n<meta name=\"twitter:site\" content=\"@LenPenzo\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lance Cothern\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\"},\"author\":{\"name\":\"Lance Cothern\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#\\\/schema\\\/person\\\/bd14983a0e1cadca21a01f198f098db3\"},\"headline\":\"Wondering How to Teach Your Kids About Taxes? Consider the &#8216;Parent Tax&#8217;\",\"datePublished\":\"2023-02-14T12:15:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\"},\"wordCount\":653,\"commentCount\":23,\"publisher\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/parent-tax.jpg\",\"articleSection\":[\"Home and Family\",\"Saving\",\"Taxes\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\",\"url\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\",\"name\":\"Wondering How to Teach Your Kids About Taxes? Consider the 'Parent Tax'\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/parent-tax.jpg\",\"datePublished\":\"2023-02-14T12:15:13+00:00\",\"description\":\"Like it or not, taxes are a fact of life. The \\\"Parent Tax\\\" is can teach your kids about taxation and earning money before their first job.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage\",\"url\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/parent-tax.jpg\",\"contentUrl\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/parent-tax.jpg\",\"width\":\"500\",\"height\":\"332\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/lenpenzo.com\\\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wondering How to Teach Your Kids About Taxes? Consider the &#8216;Parent Tax&#8217;\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/\",\"name\":\"Len Penzo dot Com\",\"description\":\"The offbeat personal finance blog for responsible people.\",\"publisher\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#organization\",\"name\":\"Len Penzo dot Com\",\"url\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Block_L.png\",\"contentUrl\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Block_L.png\",\"width\":359,\"height\":360,\"caption\":\"Len Penzo dot Com\"},\"image\":{\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"http:\\\/\\\/www.facebook.com\\\/LenPenzo\",\"https:\\\/\\\/x.com\\\/LenPenzo\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/lenpenzo.com\\\/blog\\\/#\\\/schema\\\/person\\\/bd14983a0e1cadca21a01f198f098db3\",\"name\":\"Lance Cothern\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d259755531bae6090f84b21897ae79cace5179c24675bddcf5cd592234481c15?s=96&d=monsterid&r=r\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d259755531bae6090f84b21897ae79cace5179c24675bddcf5cd592234481c15?s=96&d=monsterid&r=r\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d259755531bae6090f84b21897ae79cace5179c24675bddcf5cd592234481c15?s=96&d=monsterid&r=r\",\"caption\":\"Lance Cothern\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wondering How to Teach Your Kids About Taxes? Consider the 'Parent Tax'","description":"Like it or not, taxes are a fact of life. The \"Parent Tax\" is can teach your kids about taxation and earning money before their first job.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html","og_locale":"en_US","og_type":"article","og_title":"Wondering How to Teach Your Kids About Taxes? Consider the 'Parent Tax'","og_description":"Like it or not, taxes are a fact of life. The \"Parent Tax\" is can teach your kids about taxation and earning money before their first job.","og_url":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html","og_site_name":"Len Penzo dot Com","article_publisher":"http:\/\/www.facebook.com\/LenPenzo","article_published_time":"2023-02-14T12:15:13+00:00","og_image":[{"width":500,"height":332,"url":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg","type":"image\/jpeg"}],"author":"Lance Cothern","twitter_card":"summary_large_image","twitter_creator":"@LenPenzo","twitter_site":"@LenPenzo","twitter_misc":{"Written by":"Lance Cothern","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#article","isPartOf":{"@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html"},"author":{"name":"Lance Cothern","@id":"https:\/\/lenpenzo.com\/blog\/#\/schema\/person\/bd14983a0e1cadca21a01f198f098db3"},"headline":"Wondering How to Teach Your Kids About Taxes? Consider the &#8216;Parent Tax&#8217;","datePublished":"2023-02-14T12:15:13+00:00","mainEntityOfPage":{"@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html"},"wordCount":653,"commentCount":23,"publisher":{"@id":"https:\/\/lenpenzo.com\/blog\/#organization"},"image":{"@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage"},"thumbnailUrl":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg","articleSection":["Home and Family","Saving","Taxes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html","url":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html","name":"Wondering How to Teach Your Kids About Taxes? Consider the 'Parent Tax'","isPartOf":{"@id":"https:\/\/lenpenzo.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage"},"image":{"@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage"},"thumbnailUrl":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg","datePublished":"2023-02-14T12:15:13+00:00","description":"Like it or not, taxes are a fact of life. The \"Parent Tax\" is can teach your kids about taxation and earning money before their first job.","breadcrumb":{"@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#primaryimage","url":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg","contentUrl":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/12\/parent-tax.jpg","width":"500","height":"332"},{"@type":"BreadcrumbList","@id":"https:\/\/lenpenzo.com\/blog\/id23182-3-reasons-why-imposing-a-parent-tax-on-your-kids-is-a-good-idea-2.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lenpenzo.com\/blog"},{"@type":"ListItem","position":2,"name":"Wondering How to Teach Your Kids About Taxes? Consider the &#8216;Parent Tax&#8217;"}]},{"@type":"WebSite","@id":"https:\/\/lenpenzo.com\/blog\/#website","url":"https:\/\/lenpenzo.com\/blog\/","name":"Len Penzo dot Com","description":"The offbeat personal finance blog for responsible people.","publisher":{"@id":"https:\/\/lenpenzo.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lenpenzo.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/lenpenzo.com\/blog\/#organization","name":"Len Penzo dot Com","url":"https:\/\/lenpenzo.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lenpenzo.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2022\/06\/Block_L.png","contentUrl":"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2022\/06\/Block_L.png","width":359,"height":360,"caption":"Len Penzo dot Com"},"image":{"@id":"https:\/\/lenpenzo.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/LenPenzo","https:\/\/x.com\/LenPenzo"]},{"@type":"Person","@id":"https:\/\/lenpenzo.com\/blog\/#\/schema\/person\/bd14983a0e1cadca21a01f198f098db3","name":"Lance Cothern","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d259755531bae6090f84b21897ae79cace5179c24675bddcf5cd592234481c15?s=96&d=monsterid&r=r","url":"https:\/\/secure.gravatar.com\/avatar\/d259755531bae6090f84b21897ae79cace5179c24675bddcf5cd592234481c15?s=96&d=monsterid&r=r","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d259755531bae6090f84b21897ae79cace5179c24675bddcf5cd592234481c15?s=96&d=monsterid&r=r","caption":"Lance Cothern"}}]}},"_links":{"self":[{"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/posts\/23182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/comments?post=23182"}],"version-history":[{"count":3,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/posts\/23182\/revisions"}],"predecessor-version":[{"id":76771,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/posts\/23182\/revisions\/76771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/media\/23187"}],"wp:attachment":[{"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/media?parent=23182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/categories?post=23182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lenpenzo.com\/blog\/wp-json\/wp\/v2\/tags?post=23182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}