1. Posted on 11 July, 2012

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    Of course, we are now two years down the track with a more independent child. The issue with independence is that allows for another thing that often accompanies attempts to collect a tax: under-reporting. It did not take us too long to discover that the allowance was being used to purchase candy and my daughter owed a ton of back taxes.

    — Economist Joshua Gans explains what went wrong with the health tax he charged his children for spending their allowance on candy.