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M ATH P ROJECT Why Should I Pay? The taxes we pay, pay for defense, education, financial assistance, health care, and transportation.

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Presentation on theme: "M ATH P ROJECT Why Should I Pay? The taxes we pay, pay for defense, education, financial assistance, health care, and transportation."— Presentation transcript:

1 M ATH P ROJECT Why Should I Pay? The taxes we pay, pay for defense, education, financial assistance, health care, and transportation.

2 H ISTORY OF T AXATION The legal definition and the economic definition of taxes differ in that economists do not consider many transfers to governments to be taxes. For example, some transfers to the public sector are comparable to prices. Examples include tuition at public universities and fees for utilities provided by local governments. Governments also obtain resources by creating money (e.g., printing bills and minting coins), through voluntary gifts (e.g., contributions to public universities and museums),by imposing penalties (e.g., traffic fines), by borrowing, and by confiscating wealth. From the view of economists, a tax is a non-penal, yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received.

3 A GREE OR D ISAGREE WITH TAXATION ? I Agree because it pays for our government, schools and other things like that. But I also think that taxes could be lowered, it seems that the government raises them as high as they can just to get the money.

4 ALASKA The tax rate in Alaska is 5%

5 A RIZONA The tax rate in Arizona is 5%.

6 C ALIFORNIA The tax rate in California is 10%.

7 D ELAWARE The tax rate in Delaware is 0%.

8 I NDIANA The tax rate in Indiana is 7%.

9 W ISH L IST Macbook Air IPhone 4 270 Remington bolt action rifle IPod Touch IPod Headphones

10 M ACBOOK A IR $1,700 X.7= $11.90 1,700 + 11.90= 1,711.90

11 I PHONE 4 $200 X.10= $20 200 + 20= 220

12 270 R EMINGTON BOLT ACTION RIFLE $395 X 0= $0 395 + 0= 395

13 IP OD T OUCH $230 X.05= $11.50 230 + 11.50= 241.50

14 IP OD H EADPHONES $30 X.05= $1.50 30 + 1.50= 31.50

15 R EFERENCES http://www.bestbuy.com/ http://www.google.com/search?q=270+remington+b olt+action/ http://www.taxrates.com/ http://www.google.com/intl/en/help/features.html#c alculator


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