$ $ By: Teddy, Daleng, Nate, and Chia.. Constitution Restricts Placing taxes on goods imported or exported Stated cannot tax the federal government States.

Slides:

Advertisements

Similar presentations

Chapter Twelve The Citizen in Government Paying for Government ~~~~~ Raising Money.

Advertisements

State Government Policy. 1. Regulation of Businesses What is an example of a government regulation that applies to a business? Why do we depend on the.

Three Types of Accounts in Accounting:  Personal Accounts These are the accounts which relate to persons, such as Customers Account, Suppliers Account.

TABOR Rebates: Just the Facts. What are TABOR Rebates? When state revenues (Fiscal Year Spending) exceed a voter approved cap (rate of change in CPI plus.

2.04 Acquire knowledge of the impact of government on business activities to make informed economic decisions.

Sources of State Revenue SS8E4 The student will identify revenue sources for and services provided by state and local governments. Trace sources of state.

PACE PROGRAMS  Regular PACE  Flex PACE  Flex PACE Daycare Facilities  Flex PACE Affordable Housing  Flex PACE.

Chapter 10 Review. REVIEW QUESTION 1 Which of the depreciation methods writes off more depreciation near the start of an asset’s than in later years?

The role of government in the United States economy How does the United States government promote and regulate competition?

Payroll withholding systemTax loophole Sin taxMedicare Property taxSurcharge Individual income taxProportional tax Investment tax creditRegressive tax.

Maner Costerisan  There are 882 Public School Districts within the State of Michigan as of ◦ Intermediate School Districts – 56 ◦ Local Education.

Taxation & Other Revenue at the State & Local Level J. Worley Civics.

STATE REVENUE Where do we get the money from and how do we spend it?

Unearned Income and Payments

Describe the difference between selective and general sales taxes.

LESS FEDERAL INVOLVEMENT Education Drugs Welfare Crime.

The Role of Government in the United States Economy How does the United States government promote and regulate competition?

Total U.S. Federal Lands. Total Percentage of Federal Land Ownership.

UNIT #8 State and Local Government CHAPTER #21 State Government LESSON #4 Financing State Government.

Expert Systems and Decision Support By: William H Shorter III.

Taxes & Government Spending

Ch. 25 Jeopardy Sales TaxDeath TaxIncome TaxGas TaxTobacco Tax

Fiscal Federalism A.P. Government Lecture #5. Objective: Understand the concept of fiscal federalism and how federal funds are distributed to the states.

State and Local Government Budgets Chapter 14 Section 3 and Chapter 25 Section 2.

Raising Money Types of Taxes Managing the Country’s Money.

Taxes!!! Taxes! Taxes. Essential Question: Why do all levels of the government need to collect taxes from its citizens?

Budget Plan for managing and spending money. Plan for managing and spending money. Governments create budgets to help them make decisions because of limited.

2.4 CIRCULAR FLOWS Circular flow model

1 Taxation. 2 Decide fairest taxation method: a. same percent for all b. greater percent for the individuals with high incomes c. greater percent for.

G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go.

Public Finance: Overview Some key questions: –Responsibilities/functions –Funding types/sources Revenues (income increasing net worth) Borrowing –Key principles.

Taxation in the United States Goal 9 Notes. Government Financing, Taxes, And Spending  Each year the federal and state governments make and pass budgets.

© 2011 Pearson Education Global Economy- the circular flow model 2 When you have completed your study of this chapter, you will be able to 1 Describe what,

Today’s Schedule – 11/15 Defining Taxes PPT Tax Forms Tax Goals Research HW – Read 14.2.

A. Federal Limitations 1. Interstate & Foreign Commerce: denies states 2. States can’t tax fed govt th Amendment- limits the usage of taxes by fed.

Valuation Part 1 Presented by: Elson ong Yale-NUS Investment Masterminds 1) Several Key Financial Metrics 2) How to Identify Them in An Annual Report.

Big Walnut Local School District March 2015 Financials 3 rd Quarter FY2015 Summary May 2015 Forecast Summary.

Fairness In Taxes Sahara Burton, Parris Collins, Brittany Yokely.

CH. 9 Sources of Government Revenue. The Economics of Taxation An enormous amount of money is required to run federal, state, and local governments –

Key Terms  tax: a required payment to a local, state, or national government.  revenue: the income received by a government from taxes and other nontax.

Sources of Government Revenue. Payroll Deductions Taxes – government fees on business and individual income, activities, products or property. Medical.

McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

OPERATIONAL ASSETS: ACQUISITION AND DISPOSITION Chapter 10 © 2009 The McGraw-Hill Companies, Inc.

Class Presentation Sources of State Revenue. Georgia Performance Standard SS8E4  The student will identify revenue sources for and services provided.

Chapter 14: Taxes and Government Spending Section 1.

Texas Revenues III By PresenterMedia.com PresenterMedia.com.

Taxation Question Constitutional Amendment authorized individual income taxation in the United States.

Higher Level Questions: (p.40) 1. What are public goods and services? 2. How do governments produce public goods and services? 3. What is the role of the.

S SOL 13c Government tax increases reduce the funds available for individual and business spending; tax decreases increase funds for individual and business.

Review and Comment on Draft 2009 Ten-Year State Highway Operation and Protection Plan Presented to California Transportation Commission February

Taxes. What are Taxes? Taxes are payments that people are required to pay to a local, state, or national government.

Taxes and Government 5.3. HOW DOES IT WORK?  Government receives funds from taxes and borrowing (i.e. bonds issued)  LARGEST part of funds comes from.

Describe the difference between selective and general sales taxes.

How the Government Raises Money

The Direct Method of Determining the Net Cash Provided by Operating Activities Appendix 14A.

Where do we get the money from and how do we spend it?

Finance and Fiscal Policies

Copy the following Chart

Chapter 16: Financing Government Section 1

Analyzing Investment Activities

Create the chart below with the manipulative

Total municipal sector expenditure and income Estimate for 2005

Chapter 16: Financing Government Section 1

Financing State Government

State and Local Governments.

Show Me the Money! EQ: How is government revenue generated in Georgia, and how are these funds used?

Do Now Write out the three branches of Minnesota state government.

California Budget & Propositions

Presentation transcript:

$ $ By: Teddy, Daleng, Nate, and Chia.

Constitution Restricts Placing taxes on goods imported or exported Stated cannot tax the federal government States cannot place taxes that violate equal protection (ie. Race, religion, or nationality)

Sales Tax Taxes on daily essentials Income Tax Taxes on income based on amount paid Severance Tax Taxes on natural resources that are removed from the earth (ie. Oil or Gas) Property Tax Taxes on real property(land or buildings) or personal property Personal property is tangible or intangible Tangible is property that can be felt or touched (Not cash) Intangible is things like bank accounts, spook, and etc.

Borrowing Funds For large projects (ie. Highways, bridges, public buildings) State-Run Lotteries Brings in billion of dollars a year Federal Grants Significant portion of state and local revenue