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Demystifying the American Tax System
0Why the Tax Code Feels Impossible1How Income Gets Taxed: The W-2 Baseline2FICA: The Hidden Tax3The Standard Deduction vs. Itemizing4Marriage and Filing Status5Income Shifting in the Family6The Tax Benefits of Homeownership7Selling Your Home8The Tax Benefits of Parenthood9Education Costs10The Gig Economy and Schedule C11The S-Corp Election12Business Deductions and the §199A Passthrough13Capital Gains and the Realization Principle14Retirement Accounts—Legal Tax Shelters15Health Care and Taxes16The Tax Consequences of Divorce17How the Wealthy Pay Less (And Why It's Legal)18Estate Planning Basics19The Tax Code as Policy Tool
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How Income Gets Taxed: The W-2 Baseline

Maya Chen just got her first real paycheck, and about a quarter of it is missing. Where did it go? Understanding the journey from gross income to tax liability is the foundation of tax literacy.

Borrow Demystifying the American Tax System to read every unit in it. A loan runs 10 reading days, and only counts days you actually read.

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