 Taxes.  It’s important to participate in govt o We help to support the govt by paying taxes o Receive services as a result Property TaxTax on real.

Slides:

Advertisements

Similar presentations

Warm up Who is Anthony Foxx? Who is our county commissioner for Mecklenburg County? What are some tax-payer supported services that are provided for Charlotte.

Advertisements

Obey the Law Serve on a Jury Pay Taxes Serve in Military Civic Duties (Mandatory)

1 Chapter 10 Introduction to Government Finance. 2 Federal, State, and Local Revenue Sources: Taxes: Payroll Income (Corporate and Personal) Property.

 16 th Amendment: Was ratified in Before this amendment the federal government could not levy income tax.  Payroll Deduction: A system requiring.

Taxation & Other Revenue at the State & Local Level J. Worley Civics.

The State Budget: NC’s Revenues, Taxes, and Expenditures.

What can we do? What should we do? RIGHTS AND RESPONSIBILITIES OF THE UNITED STATES CITIZEN.

Taxes and Spending Chapter 14.

Government exists for three reasons: To maintain order To provide public goods and services To protect citizens.

31.3 Citizenship and Elections

A Constitutional Democracy

Government Finances. Budget Process President must submit a budget proposal to Congress by the 1 st Monday in February Congress then passes a budget resolution.

Chapter 14. What does FICA fund? Social Security and Medicare.

Rights and Responsibilities of Citizens in the USA

STATE & LOCAL TAXES and services…. Property Tax Tax on Real Estate Based on it’s value (house, car) Corporate Income Tax Tax on the profits of businesses.

Rano. Z.ZAkhriddinova Taxation. Types of taxation:  regressive tax  progressive tax  proportional tax.

Fiscal Policy Fiscal Policy – government policy toward taxing & spending. Federal Budget Prepared annually by the President Approved by Congress Budget.

Taxation “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin.

TAX QUIZ. 1. TRUE OR FALSE A tax on money that people receive from their earnings. Is VAT.

Taxes!!! Taxes! Taxes. Essential Question: Why do all levels of the government need to collect taxes from its citizens?

State and Local Government and the NC Constitution

State and Federal Authority: 3.06  Civil Rights: Belong to an individual because of citizenship. For example, freedom of speech and freedom from discrimination.

DEMOCRACY Majority rule Govt. by and for the people Rights of the individual protected Elected representatives carry out the people ’ s will Freedom Everyone.

Income Tax- is a tax on income the money an individual or business earns. The 16 th amendment in 1913 gave our government the power to collect such a tax.

Duties and Responsibilities of U.S. Citizens Bell Ringer

Taxation “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin.

G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go.

 10 trillion and counting   Solve the deficit 

The State Budget: Revenues, Taxes, and Expenditures. I: Revenue Sources for the State: A: Federal Grants-federal money goes to state and local government.

A. Tax Revenue Compulsory – Cannot Refuse – Incomes & Commodities Direct Taxes Indirect Taxes.

definitions  Tax Charge levied by the gov. to meet public needs  Levy To impose  Revenue How much money you bring in  Expenditure How much money you.

Chapter 9 Government’s Role in the Economy. What should the govt. provide? What are the characteristics of a free market? What are the characteristics.

Chapter 9 Government’s Role in the Economy. Section A Public Goods and Services Provided by govt. on an equal basis Provided by govt. on an equal basis.

Vocab Excise tax- Taxes on non-essentials like alcohol and tobacco Estate tax- Tax that must be paid on an inheritance before it can be transferred Intergovernmental.

Journal #12 How are citizens and businesses taxed in the U.S.? Think of any thing that we as citizens or business owners pay taxes for in the U.S. Feel.

7 th Grade Civics Miss Smith *pgs  Income taxtax on the earnings of individuals and businesses  The main source of revenue collected by.

Chapter 4, Section 4 “Federalism and Politics”. Federalism and Public Policy  Policy: stated course of action  Define actions that occur over and over---

 Lawmaking process similar to Congress (how a bill becomes a law)  Bicameral (EXCEPT Nebraska) Senate (upper) & House of Rep. (lower) sometimes called:

Forms of Business Ownership GOALS UNDERSTAND THE THREE MAJOR FORMS OF BUSINESS OWNERSHIP. DETERMINE WHEN EACH FORM OF BUSINESS OWNERSHIP IS MOST APPROPRIATE.

Key Terms  tax: a required payment to a local, state, or national government.  revenue: the income received by a government from taxes and other nontax.

You can type your own categories and points values in this game board. Type your questions and answers in the slides we’ve provided. When you’re in slide.

State Legislatures Chapter 11 Section 2. Key Terms  Apportioned  Initiative  Referendum  Recall  Revenue  Sales tax  Excise tax  Income tax 

Taxes and Federal Revenue. A. Government’s Budget 1. Federal Budget = National Budget a) revenue - money taken in b) expenses - money spent 2. Goal is.

CHAPTER 9 Taxation. Impact  Resource Allocation - change LS, higher tax = shift to the left  Behavior Adjustment - sin tax  Productivity & Growth -

Government Expenses -Government Services Schools, fire, social security, etc. -Government Employees -Revenue Sources 60% to 80% come from taxes How the.

CHAPTER 22 TAXES AND GOV’T SPENDING. Federal Gov’t We authorize the federal government, through the Constitution and our elected representatives in Congress,

Federal Taxing & Spending. A) Withholding 1) Government obtains your individual income tax money through withholding 2) The gov’t keeps a certain percentage.

THE FEDERAL BUDGET  10 trillion and counting

Economics Unit 5 Fiscal Policy and Taxes Answer the first question on your guided notes sheet on your own!

Chapter 14: Taxes and Government Spending Section 1.

Government Finances: Fiscal Policy, Taxing and Spending Fiscal Policy Government Budget Federal Government Revenue Federal Government Expenditures State.

Government Policies to Redistribute Income and Wealth 3 Main Policies 1.Monetary Benefits 2.The Tax System 3.Direct Provision of Goods and Services.

Chapter 14: Government Revenue and Spending Section 4: State and Local Taxes and Spending pgs

Chapter 16: State and Local Government Section 3: Local Government & Citizen Participation (pgs )

Economics Unit Taxes.

Introduction: Government & the People

Civics Unit 8 Local Government.

Government Expenses -Government Services -Government Employees

Revenue and Expenditures

Public Finance (MPA405) Dr. Khurrum S. Mughal.

-Government Employees

Government Finances: Fiscal Policy, Taxing and Spending

April 11, 2014: Aim: How does the state affect our lives?

State and Local Governments

State and Local Government

Financing State Government

Unit 3: State & NC Taxes.

Taxes and Government.

Do Now Write out the three branches of Minnesota state government.

Progressive Reforms at the State and Local Levels of Government

Presentation transcript:

 Taxes

 It’s important to participate in govt o We help to support the govt by paying taxes o Receive services as a result Property TaxTax on real estate Corporate Income Tax Tax on the profits of businesses Personal Income Tax Tax on individual earnings Sales TaxTax on sale of most goods & services Estate TaxTax on estate of someone who died Excise TaxTax on production or sale of certain goods & services (beer/wine, gas, cigs, pop…)

 States gain revenue ($) from people in other ways o Fines, licenses, permits, user fees, disposal fees (leaving trash)  States also get money from federal government o Usually grants that don’t have to be repaid  Intergovernmental revenue - money from local, state, & government sources

 Benefits: o Self-determination: people can work for & live the lives they want o Ability to make choices: Political choices & political activism Economic choices – determine socioeconomic status Legal choices – to obey the law & take legal action o Justice  Consequences: o “Freedom is not free” o Accountability & responsibility

 Citizens can affect public policy by being active in government & being informed o Voting o Local initiative – begin a movement to pass a law Petition o Referendum – form of initiative; having the people vote on a law o Recall elections – way to remove elected officials if people are not satisfied

 An informed citizenry is important to democracy  People need to know the law – “Ignorance of the law is no excuse”  Ways to be/keep informed: o Town meetings – any meeting of a local/municipal body o Public forums o Public hearings