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Math Project

Math Project. Why Should I Pay? The taxes we pay, pay for defense, education, financial assistance, health care, and transportation. History of Taxation.

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Math Project

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  1. Math Project Why Should I Pay? The taxes we pay, pay for defense, education, financial assistance, health care, and transportation.

  2. History of Taxation • 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. Agree or Disagree 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. Arizona The tax rate in Arizona is 5%.

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

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

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

  9. Wish List Macbook Air IPhone 4 270 Remington bolt action rifle IPod Touch IPod Headphones

  10. Macbook Air $1,700 X .7= $11.90 1,700 + 11.90= 1,711.90

  11. Iphone 4 $200 X .10= $20 200 + 20= 220

  12. 270 Remington bolt action rifle $395 X 0= $0 395 + 0= 395

  13. IPod Touch $230 X .05= $11.50 230 + 11.50= 241.50

  14. IPod Headphones $30 X .05= $1.50 30 + 1.50= 31.50

  15. References http://www.bestbuy.com/ http://www.google.com/search?q=270+remington+bolt+action/ http://www.taxrates.com/ http://www.google.com/intl/en/help/features.html#calculator

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