In this week's episode of FinCap Friday: Time to Talk Taxes, Yanely breaks down why people in America have to pay taxes and what tax money is used for. The reality for most Americans is that taxes are a part of life, so the earlier we learn about them, the less scary they'll be! Which type of tax do Yanely and Tim like the most and the least? Find out in the conversation below:

For more details about the MOVE: Your Tax Dollar in Action activity referenced in this chat, check out this teacher tip blog post!

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If you're new to FinCap Friday, or have not yet used it but are looking for ways to bring more financial current events to your students this year, check out our recent blog post about how to integrate current events into your curriculum with FinCap Friday!

About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!