Presentation on theme: "Alicia Lamon, Haley Bunn. History of Taxation Taxes, coming from the Latin word taxo, are financial charges or a levy on a tax payer. They are given by."— Presentation transcript:
History of Taxation Taxes, coming from the Latin word taxo, are financial charges or a levy on a tax payer. They are given by the state or the functional equivalent of a state. Taxes have been around for many centuries, but they started in Ancient Egypt about 3000 BC. The Pharaoh went to everyone and collected money from them. But taxes showed up more so in early America then 3000 BC. It first started with Molasses tax in 1764 and later became known as the sugar act.
Agree or Disagree with taxation? We both agree, because it’s helping us get out of debt as a country. Also the people that do pay taxes wouldn’t get income-tax from the state at the beginning of every year.
State 1 Alaska- is the only state that not collect state sales taxes. Every thing is already high because it has to be imported from different countries. Alaska gets their money from petroleum or oil. At the beginning of every year children as well as adults get money from the PFD (permanent fund corporation). Alaska uses their money for necessities.
State 2 Colorado gets an income tax of 4.62% and their sales tax rate is 2.9%. They gets their money from live stalk and farming. They raise cattle, sheep, they get dairy, and they grow wheat, hay, corn and sugar beets.
State 3 Oklahoma’s sales tax rate is 4.5%. Oklahoma gets their money from oil, and natural gas. They get over $23 billion a year for the natural resources.
State 4 Montana’s tax rate is 0.0%. They are also one of the states that have no sales tax. I believe that Montana gets their money from the Rocky Mountains. The mountains holds copper, lead, gold, molybdenum, and sliver. They also get their money from coal, natural gas, and petroleum.
State 5 Washington’s tax rate is 9.5% state wide. By the research there is a sales tax on everything. A car rented in Seattle over 30 days has a tax rate of 18.6%.
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“Wish list “ item 1 iPod touch On Apple the 8GB it cost $299 Tax is 4.2% Wal*Mart total: $311.55