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Math Project

Math Project. Why Should I Pay?. Robin Bruins. History of Taxation.

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Math Project

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  1. Math Project Why Should I Pay? Robin Bruins

  2. History of Taxation • the History of the Income Tax in our almanac, the federal income tax was first enacted in 1862 to support the Union's Civil War effort. It was eliminated in 1872, revived in 1894, then declared unconstitutional by the Supreme Court the following year. In 1913, the 16th Amendment to the Constitution made the income tax a permanent fixture in the U.S. tax systemRead more: The Federal Income Tax — Infoplease.comhttp://www.infoplease.com/askeds/federal-income-tax.html#ixzz17d2RCoVP

  3. Agree or Disagree with taxation? • I personally disagree because people work hard for the money we make and we shouldn’t have to give it up to other people

  4. State 1 is new Mexico • The state of New Mexico does not have a sales tax. It instead has a statewide gross receipts tax of 5%. Effective July 1, 2010, the rate will increase to 5.125%. Municipalities may assess an additional gross receipts tax. The gross receipts tax rate is between 5.375% and 8.5625% throughout the state

  5. State 2 is Alaska • There is no state sales tax in Alaska however, local governments - which include boroughs, the Alaska equivalent of counties, and municipalities - may levy up to 7.5 percent. As of January 2009, 108 boroughs and municipalities of them do so. Municipal sales taxes are collected in addition to borough sales taxes, if any. Regulations and exemptions vary widely across the state. The two largest cities, Anchorage and Fairbanks, do not charge a local sales tax. The capital of Juneau has a 5 percent sales tax rate.

  6. State 3 is new jersey • The state of New Jersey’s sales and use tax rate is 7%. However, there are exceptions to this statewide rate. In Urban Enterprise Zones, UEZ-impacted business districts, and in Salem County, sales tax may be charged at 3.5% (50% of the regular rate) on certain items.

  7. State 4 is Colorado • Colorado's state sales tax is 2.9% with some cities and counties levying additional taxes

  8. State 5 is Hawaii • selling price. 4.0% is charged at retail with an additional 0.5%

  9. “Wish list “ item 1 • I want the new android phone • Cost: 549.99 • Tax:20% • Total cost:549.99 • Justification for purchase: because if not my phone is already old and if I don’t get a new one soon it will die and I won’t be able to txt or call any body plus it takes minutes so if I run out then I really won’t be able to txt or call

  10. “Wish list “ item 2 • I want 1 pairs of Ugg boots • Cost: 180.00 • Tax: none • Total cost:180.00 • Justification for purchase: because I really need something to keep my feet warm and some shoes that actually fits and matches and they are only 100 dollars and at journeys

  11. “Wish list “ item 3 • I want aeropostale clothes • Cost: 5.00 • Tax: • Total cost: 5.00 • Justification for purchase: because I have absolutely no clothes that are decent or any thing and only two pairs of pants

  12. “Wish list “ item 4 • I want an ipad • Cost:499.99 • Tax:8.25% • Total cost:499.99 • Justification for purchase: because I work real hard around the house and I deserve something special

  13. “Wish list “ item 5 • I want an unlimited supply of pony packages every month forever • Cost:20.00 • Tax: none • Total cost:20.00 • Justification for purchase: because I love horses and I used to get them but now I don’t and it hurts to know that I wont be able to get them any more

  14. References • www.pony.us • Uggaustailia.com • www.aeropostale.com • Wikipedia.com

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