Why Should I Pay?. History of Taxation  The history of taxation in the United States started when it was composed of colonies ruled by the British, French.

Slides:



Advertisements
Similar presentations
Ch. 25. * Personal income: Tax on an individual’s yearly income. * Granted by the 16th amendment * April 15th is income tax day. * Corporate income: Tax.
Advertisements

Declaratory and Townshend Acts. Declaratory Act  Followed the repeal of the Stamp Act in 1765  Stated Parliament’s authority was the same in the colonies.
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.
M ATH P ROJECT Why Should I Pay?. H ISTORY OF T AXATION All government rule through control of taxation revenues, it has been a necessity of civilization.
Ch14 Taxes.
Taxes. Principles of Taxation – all tax payers are treated equal – not all pay the same amount! 1) Ability to pay Principle – if you make more you pay.
TAXES CHANGE BEHAVIOR. 1.PAY FOR THE COST OF GOVERNING WHAT ARE THE FUNCTIONS OF TAXATION?
 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.
Our Example: The Acme Manufacturing Company Acme manufacturing has identical factories in Virginia and North Carolina, each with $5 million worth of real.
STATE REVENUE Where do we get the money from and how do we spend it?
Government Sources of Revenue TAXES. Two Purposes of Taxation Raise money for government services Restrict and control the market [Administrative law]
Principles of Taxation-Chapter One Chapter 1 Overview Tax: Different from fines or fees? Taxpayer: Person or entity? Incidence: Who bears the economic.
M ATH P ROJECT Why Should I Pay? By : Melonie Walton.
Taxes and Income. Employer’s and Income Taxes If you file exempt on you W-4If you file exempt on you W-4 –Social Security and Medicare –No Federal or.
HOLT, RINEHART AND WINSTON1 CIVICS IN PRACTICE HOLT Chapter 12 Paying for Government Section 1:Raising Money Raising MoneyRaising Money Section 2:Types.
Why Should I Pay?. During the mid 18th century the American colonists, both bold and ambitious, were showing attitudes of indignation and resentment towards.
M ATH P ROJECT Why do I Pay? Kadajiuna Vaughn. H ISTORY OF T AXATION The history of taxation in the united states began when it was composed of colonies.
Josh butler. 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.
Why Should I Pay? Cody Koehn.  Military 42.2 income tax  Health 22.1 cents of every income tax dollar  Interest on non military debt 10.2 cents of.
Math Project by lateara Fairchild Why Should I Pay? Services provided by taxes in South Carolina are public schools, safe highways, health care, prisons.
Math Project Jordan Lewis Why Should I Pay? Services provided by taxes in South Carolina are public schools, safe highways, health care, prisons and social.
Taxes and the american revolution. Do Now Objectives:Objectives: SWBAT identify various forms of taxation (tariffs, sales tax, excise tax) SWBAT describe.
Taxes & Government Spending
Government Revenue Economics 120. There is a saying that only two things in life are certain: death and taxes.
Chapter 14: Taxes and Government Spending Section 2
TAXES CHANGE BEHAVIOR. 1.PAY FOR THE COST OF GOVERNING WHAT ARE THE FUNCTIONS OF TAXATION?
Taxes!!! Taxes! Taxes. Essential Question: Why do all levels of the government need to collect taxes from its citizens?
Important Tax Forms W-2 form: reports employee’s annual wages and total amount of taxes withheld from his or her paycheck W-4 form: Determines how much.
Taxes There are three general types of taxes in the U.S. List them and identify which tax hurts low income taxpayers and which tax hurts high income taxpayers.
Camryn Guinn Percent App..  The first state that had sales takes was, Virginia Sales taxes pays for income tax, property tax. Texas first started.
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.
Bell Work In your notebooks, Write down some things that taxes pay for. In your notebooks, Write down some things that taxes pay for.
Essential Question: How do local governments obtain and use revenues? 1 S E C T I O N 4 State and Local Taxes and Spending.
M ATH P ROJECT Why Should I Pay? :Mijha_Williams;)
 Taxes have been around for many years. It all started in 1861 when congress passed the revenue act during the civil war. The taxes helped pay for the.
 The history of taxation in the U.S. began when it was composed of colonies ruled by the British, French and Spanish empires. After independence from.
Paul Revere and the Thirteen colonies Review. What is an immigrant?  A. A person who stays in one place.  B. A person who lives in a country.  C. A.
Vocabulary  Monetary Policy- Conducted by the Fed, involved either the increasing or decreasing the amount of money in circulation.  Fiscal Policy- Involves.
Yesenia (:. The history of taxation in the United States began when it was composed of colonies ruled by the British Empire, French Empire, and Spanish.
TAXES AND YOU The American Taxation System. “The Art of Taxation is to Pluck the Goose Without Making it Squawk” - Colbert 1778.
TAXATION. A few basic questions Who pays tax? Who collects tax and why? Do all taxpayers pay the same amount of tax? What is flat in flat tax? What is.
11. “Parliament” vs. “The Colonial Assembly” “Parliament” “The Colonial Assembly” MAKELAWSMAKELAWS Located in England elected by people in England Located.
7 th Grade Civics Miss Smith *pgs  Income tax- tax on the earnings of individuals and businesses  The main source of revenue collected by.
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.
7 th Grade Civics Miss Smith *pgs  Income tax- tax on the ________ of individuals and __________  The ____ source of ________ collected by.
Why Should I Pay?.  It started in the American Colonies when the Revolutionary war began.
Chapter 14SectionMain Menu Taxes. Chapter 14SectionMain Menu Clear Target I will be able to describe progressive, proportional, and regressive taxation.
Sources of Government Revenue and Spending. Types of Taxes 1. Proportional - same percentage on everyone regardless of income example: flat tax, tithe,
Government Expenses -Government Services Schools, fire, social security, etc. -Government Employees -Revenue Sources 60% to 80% come from taxes How the.
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 5 LESSON 5.3 Taxes and Government Objective: By the end of class, students will.
Two countries with best taxation systems Klaudia Mierzejewska Klaudyna Dzieniowska.
Taxes and Government 5.3. HOW DOES IT WORK?  Government receives funds from taxes and borrowing (i.e. bonds issued)  LARGEST part of funds comes from.
Ch. 25 TAXATION. Example of a Paycheck Taxation Revenue: Money the government receives. Expenditures: Money the government spends. 60 to 80 percent of.
LECTURE IX: Stylized Facts of Taxation
Government Expenses -Government Services -Government Employees
Revenue and Expenditures
-Government Employees
14.2 Federal Taxes.
TAXES, taxes, taxes Understanding taxes.
Tax Facts at a Glance Instructions – have the students copy the important facts onto their chart and place an “x” or check mark in the box for which level.
Unit VIII Ch-12 Government Taxation.
ECONOMICS: April 6 Warm-up
Sources of revenue in Georgia
Chapter 26 Test Review.
State revenue and taxes
Taxes and Government.
Do Now Write out the three branches of Minnesota state government.
Don't say you don't know- think about it
ECONOMICS Chapter 16.4: Taxation Learning Target: Understand the principles and forms of taxation in the U.S. Success Criteria You should be able.
Presentation transcript:

Why Should I Pay?

History of Taxation  The history of taxation in the United States started when it was composed of colonies ruled by the British, French and Spanish empire collected poll taxes tariffs and excise taxes.

Agree or Disagree with taxation?  Disagree because some people are less fortunate than others and when you put taxation on them you make them in danger of losing something they need.

California The state sales tax is 6% income taxes, 30.6% from the general sales tax, 30.6% from selective sales taxes, 7.3% from license fees, 6.85% from corporate taxes, 2.5% from state property taxes, and 1.2% from inheritance and gift taxes.

Georgia  4% sales taxes  Yes

Florida  Sales tax 6%  Has an income of 1.5%

North Carolina  5.75% sales tax  no

Oregon  0.0% sales tax  No

Wish List  PS3 move  IPod  Iphone  IPad

“PS3 Move“ item 1 ps3 move costs $300

“Ipod “ item 2  Ipod touch cost $

“ Ipad” item 3