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M ATH P ROJECT Why Should I Pay? INCOME SECURITIES MEDICAL COUNTRY AND NEIGHBORHOOD DEFENSE EDUCATION RUNNING THE GOVERNMENT MISCELLANEOUS EXPENSES

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Presentation on theme: "M ATH P ROJECT Why Should I Pay? INCOME SECURITIES MEDICAL COUNTRY AND NEIGHBORHOOD DEFENSE EDUCATION RUNNING THE GOVERNMENT MISCELLANEOUS EXPENSES"— Presentation transcript:

1 M ATH P ROJECT Why Should I Pay? INCOME SECURITIES MEDICAL COUNTRY AND NEIGHBORHOOD DEFENSE EDUCATION RUNNING THE GOVERNMENT MISCELLANEOUS EXPENSES http://frugaldad.com/2010/03/01/what- does-your-tax-money-actually-pay-for/

2 H ISTORY OF T AXATION In the Middle East, rulers collected the money from taxation to pay for the cost needed in building public artifacts like monuments and temples. Some of the money was used to finance warfare. Taxation originated there and was spread around the world. Taxation was only stopped during peaceful times. When another war came along, it was brought back again. Biblical accounts tell that people were expected to turn in 1/10 of their crops to the king to be spent on helping the poor people. In England, an attempt was made in 1404 to collect real taxes based on the people's wages. However, the public refused the proposal and the method was repealed. Tax records were burned. The first development of modern income tax occurred on 1719 in England. This tax was used to finance warfare against France during the Napoleonic Wars. This helped Britain and its other European allies win in 1815. After the war, the people again demanded its repeal and so it was in 1816. The tax records were again burned for the second time.

3 A GREE OR D ISAGREE WITH TAXATION ? Disagree with taxation because they went to war because of all the taxing.

4 A RKANSAS Sale tax rate 6.0%

5 F LORIDA Sales tax rate of 6%

6 H AWAII Sales tax is 4%

7 L OUISIANA Sale tax is 4.0%

8 T EXAS Tax rate is 6.25%

9 PS 3 Where to purchase: Walmart Cost: 299.00 Tax:6% = 17.94 Total cost: $317.94

10 DROID Where to purchase: Verizon Cost of dorid: 149.99 Tax:6%=8.94 Total cost:$158.93

11 B B GUNS Where to purchase: wal mart Cost: $29.97 Tax:6%=1.80 Total cost:$31.77

12 S HOES Where to purchase: Champs Cost:109.99 Tax:6%=$6.60 Total cost:$116.59

13 G UM Where to purchase: dollar store Cost:99 Tax:6%=5.94 Total cost:$104.00

14 P S 3 GAMES Where to purchase: wal mart Cost:$59.99 Tax:6%=$3.60 Total cost:$63.59

15 R EFERENCES www.walmart.com www.champs.com www.google.com www.verizon.com


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