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KECSS Ms. Murren Economics 1/9/12

KECSS Ms. Murren Economics 1/9/12. Outcome: SWBAT compare the different types of taxes. Where does the government get it’s funds From the tax payers: individuals, corporations and small businesses. Mini Lesson. Benefits-received principle. Ability to pay principle.

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KECSS Ms. Murren Economics 1/9/12

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  1. KECSS Ms. MurrenEconomics 1/9/12 Outcome: SWBAT compare the different types of taxes

  2. Where does the government get it’s funds • From the tax payers: individuals, corporations and small businesses Mini Lesson

  3. Benefits-received principle Ability to pay principle • A system of taxation in which those who use a particular government service support it with taxes in proportion to the benefit they receive; those who don’t use a service do not pay taxes to use it. • Ex. A gasoline tax used to pay for highway construction. • A principle of taxation in which those with higher incomes pay more taxes than those with lower incomes, regardless of the number of government services they use. • Ex. Property taxes of home owners fund the local school district Mini Lesson- Taxation Principles

  4. There are three major forms of taxation • Proportional • Progressive • Regressive Mini Lesson- Forms of Taxation

  5. What is a proportional tax? • A tax that takes the same percentage of all incomes; as income rises the amount of tax paid also rises Mini Lesson- Proportional Taxes

  6. What is a progressive tax? • A tax that takes a larger percentage of higher incomes than lower incomes; justified on the basis of the ability to pay principle • Ex. Income tax. The higher your gross income the larger the percentage of tax paid- It is justified using the ability to pay principle Mini Lesson- Progressive Taxes

  7. What is a regressive tax? • A tax that takes a larger percentage of lover incomes than of higher incomes. • Ex. Food is arguably the best example of a regressive tax. The poor spend a larger portion of their income on food than the rich and so taxes on food affect the poor more negatively than the rich. Mini Lesson- Regressive Tax

  8. Students will complete activity sheets Group Application andCritical Thinking Summary

  9. Critical Thinking Summary

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