Daddy Tax

What Is The Daddy Tax It is pretty simple when your children get money as gifts take a little bit off of it like 25% of it and invest it in dividend stocks and reinvest the dividends in more stocks. Let your kids watch and see what you are also doing. They might when they are young be upset you doing this but when they end up at 16 and there is enough money in their account to pay cash for a new car their mind will change. My cousin did this with his kids every time they got money as a gift or working for it doing odd jobs he took some of the money and brought stocks with it. My cousins son use to get upset he did this but now that he is an adult he remembers it and says he plans on doing that with his kids. His son calls it the Daddy tax and he use to go and collect plastic water bottles and soda cans to turn into get money and when he got home with the items wanted his Dad to take him to the store to get his deposit money back on it. What did his Dad then do figured out 25% of the amount of money and said you owe me so much money out of it and said I am going to invest it for you.