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Preparing our children now for financial success

La Vernia News – Barbara Magor Deel

“Every responsible adult knows “tax day” is in April, although this year as the government celebrates Emancipation Day April 15 — we get a reprieve until April 18 to file our taxes. But most taxpayers may not be aware that this coincides with National Financial Literacy Month, which has been promoted since 2003 as the month to teach Americans how to establish and maintain healthy financial habits…Schools as well as parents, play a significant role in the lives of young people as they develop into independent, capable members of communities…For young adults, mastering their personal finances allows them to concentrate on learning and having fun, and not having some of the most important years in their lives sidetracked by money troubles. The major advantage of financial literacy will be self-evident as students grow older and financial decisions become more important and will have far reaching rewards in personal, family, and community success.”(more)

China cuts tax to boost innovation

China Daily- XINHUA

“BEIJING — China cuts more than 300 billion yuan ($46.15 billion) of taxes in 2015 to boost mass entrepreneurship and innovation, according to official data.
Among this, tax exemptions and breaks on small enterprises reached 100 billion yuan and tax cuts designed to encourage high technology development totaled 140 billion yuan, according to the State Administration of Taxation.”(more)

It Just Got Easier to Cut College Costs with a 529 Savings Plan

Time – Dan Kadlec

“…Congress recently added computers to the list of expenses that can be paid for with tax-sheltered money from a 529 college savings plan. Up till now, college students had to prove that owning a computer or tablet was required by the school in order to justify the expense for 529 purposes…These changes are intended to help 529 plans remain relevant as the college experience evolves.”(more)

Food Columnist Proposes Taxes, Minimum Drinking Age for Soda

Education News – Kristin Decarr

“A New York Times columnist is making a push for the government to institute a minimum drinking age for buying soda, and would like to see ID required for children who try to purchase sugary drinks at stores. Food journalist and New York Times opinion writer Mark Bittman recently argued on Luckypeach that limiting the availability of soda for children was equivalent to having a minimum age requirement for buying cigarettes…His comments suggest that bad habits, which are hard to break, are created at a young age, and allowing children to consume sugary drinks creates unhealthy adults who have habits they would like to break but can’t.”(more)

UK Committee Recommends Sugary Drink Tax to Reduce Obesity

Education News – Kristin Decarr

“A new report released by a committee of British lawmakers is pushing for additional measures to be taken in an effort to decrease the level of childhood obesity in the country, including levying a 20% tax on sugary drinks. The report suggests that “clear evidence” is available that shows that the suggested tax would reduce the sale of sugary drinks, which currently make up 40% of the sugar that children between the ages of 11 and 18 consume. The 20% sugar tax is being considered by the government as one of many measures that aim to decrease the level of childhood obesity. Committee chairwoman Sarah Wollaston noted that by the time they finish primary school, about one-third of students are considered overweight or obese.”(more)

National Study Proves the Digital Age Hasn’t Diminished Importance of Paper

Education World – Nicole Gorman

“The Paper and Packaging Board recently released a national study surveying 3,200 students, parents and educators and found that despite the increase of technology in the classroom, paper has staying power. The report, titled the 2015 Annual Back-to-School Report, found that not only do a majority of students carry paper products, they prefer them as well. “[M]ore than 90 percent of students carry paper items every day. 94 percent of students say it’s easier to concentrate while reading a paper copy than a digital version,” the Board said in a statement. The report also suggested that the increase of digital technology has not diminished the importance of learning on paper, but rather has made it stronger.”(more)