If you earn money, spend money, or save money, you have to pay taxes. If the money you save earns money, you have to pay taxes on that, too. Explains the essentials of taxes, helping students to become well-informed about both earned and investment income taxes, workplace tax benefits, and filing an annual return. It covers paycheck deductions, the W-2 and W-4 forms, guidelines for using the 1040-EZ form, and tax breaks such as exemptions, deductions, and credits. Compelling graphical breakdowns urge viewers to pay into a 401(k) plan, even if they'd prefer to spend that money now.