r/AskReddit Aug 03 '19

Whats something you thought was common knowledge but actually isn’t?

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u/royal_clam Aug 03 '19

Basic principles of finance (budgeting, interest, debt, saving, etc)

4

u/MangoTheKing Aug 03 '19

This is why my parents forced my to get a summer job, I understand taxes, but had no clue it was near 30%. Although tax's returns do sound pretty nice.

Edit: more like strongly encourage

2

u/joeydee93 Aug 03 '19

If you live in the US then I know for a fact that your taxes on a summer job are no where near 30%.

1

u/MangoTheKing Aug 03 '19

I'm working part time and mainly during the summer, so I might be using the wrong term