Introduction
Have you ever heard the saying that the only things certain in life are death and taxes?
The United States government, as well as state and local governments, collects taxes from their citizens and businesses so that they can provide us with many different services. The local, state, and federal government decide how to spend the tax money collected. Some examples of how they spend the tax money are education, military, and roads.
In this lesson, we will explore the age-old debate. Are Taxes Fair? Are we taxed too much? Let's discuss.
Following successful completion of this lesson, students will be able to...
- Compare proportional taxes, progressive taxes, and regressive taxes.
Enduring Understandings
- It is imperative to manage your personal finances in today's economy.
The above objectives correspond with the Alabama Course of Study: Personal Finance standards: 6.