How to Be a Grown-Up: What’s a W-2?

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We here at The Thrill meet every Sunday to discuss what will be posted the following week, among other things (mostly the other things). This week we got to talking about the W-2 forms we had just received in our P.O. boxes. Surprisingly, or not surprisingly, I guess, I was the only person in the room who could explain what a W-2 form was. This was the impetus for starting our How to Be a Grown-Up series, which will explain things that you all probably should know, or attempt to know by this point in your life (without the help of your parental units).

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The Monday Catchup

Romney has asserted to have paid an effective tax rate of at least 13% over the last 20 years (Via reddogreport.com).

Good morning! Here’s the news you may have missed:

The Lead Story: Mitt Romney released his tax records from 2011 on Friday, revealing that his effective tax rate was nearly 14% last year (he paid the IRS with about 950,000 fry pies). Romney’s tax rate could have been lower; however, he decided to forgo $1.75 million in charitable deductions so that he will have paid at least 13% in recent years, an assertion he has made frequently on the campaign trail.

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