Why Should I Pay? Cody Koehn.  Military 42.2 income tax  Health 22.1 cents of every income tax dollar  Interest on non military debt 10.2 cents of.

Slides:

Advertisements

Similar presentations

M ATH P ROJECT Why Should I Pay?.Brooklyn-Arnold’_.

Advertisements

SECTION 1 MANAGING THE ECONOMY Managing the economy GCSE ECONOMICS: UNIT 12 Government Tax Revenue & Expenditure.

TAXES AND YOUR PAYCHECK Consumer Economics. Your First Paycheck!  You nailed the interview, got a call back and started your new job!  You’ve been working.

Choose the right picture

In many states you pay sales tax on items you buy. This sales tax is a percent of the purchase price. A tax percent is also called a tax rate. A desk.

Government Revenue & Spending. Key Vocab Budget- A plan for saving and spending money Revenue- Money the government collects from taxes Surplus- Having.

Social Programs and Taxation

 omic-lowdown-video-companion-series/episode-5- externalities/

I CAN find the discount and sale price of an item and find the tax and total price of an item after taxes.

Taxes © 2013 Created by Sally Camden ~ The Reflective Educator ~

Funding Your Journey Florida Transportation Economics 101 Howard Glassman Executive Director MPOAC.

8/22/2015NJ Training TY State Income Tax Refund & Alimony Module NJ

Government Finances Chapter 25. The Federal Government Chapter 25 Section 1.

U.S. Fiscal Policy Mr. Rae. U.S. Federal Deficit 13.8 Trillion Dollars! – Size of government increasing? – PAY FREEZE DUE TO SHRINKING OF THE PRIVATE.

Solving problems involving discounts at sales and sales tax.

Applications of Percent

Basic Math Skills Lesson 10: Sales Tax p

Why Should I Pay?. During the mid 18th century the American colonists, both bold and ambitious, were showing attitudes of indignation and resentment towards.

Ch. 14: Taxes and Government Spending. Section 1: What Are Taxes? “Nothing in life is certain but death and taxes.” - Benjamin Franklin.

Funding Your Journey Florida Transportation Economics 101 Presenter’s Name Organization.

Describe the nature of taxes. What are taxes Legally mandated payment to the government that is not made in exchange for a good or service Examples: income.

Sources of Gov’t Revenue--TAXES Chapter 9. Criteria for Effective Taxes 1. Equity 1. Equity –Must be fair –Want to avoid tax loopholes —when people find.

Math Project by lateara Fairchild Why Should I Pay? Services provided by taxes in South Carolina are public schools, safe highways, health care, prisons.

Math Project Jordan Lewis Why Should I Pay? Services provided by taxes in South Carolina are public schools, safe highways, health care, prisons and social.

Christine Lugtu. 1. Your wage is $70,000 per annum from which you pay tax; calculate the tax to the nearest dollar. 2. After Subtracting the tax from.

Mohammad Asif Karimi. Your wage is $70,000 per annum from which you pay tax; calculate the tax to the nearest dollar.  –   34.

M ATH P ROJECT Why Should I Pay? We have to pay taxes because the government needs to pay for its various functions. Tabatha Shaneece Heflin.

Government and the U.S. Economy Chapter 12. Government’s Role in the Economy “Public Sector” All levels of the government. “Private Sector” Businesses.

Ch notes: Measuring Nations Output. I.GDP- dollar amount value of all final goods and services produced in a country in a year. A. sampling method.

Sales Tax, Discounts, and Commissions Section 6.7.

TAXES Income Sales Property. DO NOW: PICK ONE OPTION 1 When I begin working full- time, will I get to keep all the money I make? Explain why or why not?

TYPES OF TAXES. Directions – step 1  Write a definition IN YOUR OWN WORDS for the following concepts:  Progressive tax  Regressive tax  Proportional.

+ Intro to Taxes. + Federal Income Tax Primary source of income for the federal government This is known as a progressive tax Progressive tax: system.

1 The Games Economists Play: Interactive Public Policy Capital Campus Texas July 9, 2008 copies of this presentation can be found at

Why Should I Pay?. History of Taxation  The history of taxation in the United States started when it was composed of colonies ruled by the British, French.

Environmental Protection and Workplace Diversity Job.

Taxes and Social Security. Understanding Taxes  Taxes are a form of payment to the government to support government services.  There are three types.

Checks on Other Branches In many states the legislature must approve officials and judges appointed by the governor. They also examine how well executive.

Journal #11 What are the cost of government? Think of any thing that our government has to pay for? This could be something directly or indirectly. ½ page.

M ATH P ROJECT Why Should I Pay?. H ISTORY OF T AXATION In 1812 they made tax cheaper so people could be able to afford items. We pay taxes to support.

THE RICH DON’T WORK FOR MONEY Lesson 1. The rich have money work for them The poor and middle class work for money.

2.4 CIRCULAR FLOWS Circular flow model

Keeping Texas in Business. Texas has a long legacy of good roads Symbol of our economic prosperity, attracting jobs and people to the State In part, our.

Social Programs and Taxation. What is a Social Program?? - services provided by the government to reduce economic inequalities and promote the well-being.

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.

Hey! What do you know about this thing called “a country” …?

M ATH P ROJECT Why Should I Pay? :Mijha_Williams;)

definitions  Tax Charge levied by the gov. to meet public needs  Levy To impose  Revenue How much money you bring in  Expenditure How much money you.

Keeping Records and Paying Taxes. Organizing Your Financial Records Financial records documents such as bank statements, motor vehicle titles, insurance.

Taxes. Tax - A required payment to a local, state, or national government. Used to pay for the costs of running the government, and the programs, projects,

Is there Ethical Consumption: Preliminary Results May 16, 2008.

Texas Budget Texas receives revenue from many different sources. 1.Federal Income Tax 2.State Sales Tax 3.Local Property Tax 4.Fines and Fees 5.Lottery.

Mandatory SpendingDiscretionary Spending spending Congress doesn’t have to approve annually because it is tied to some mandatory program money that.

By: John, Matt, Tray, and Sam. Background Deficit is the amount of money the US owes other countries in debt. National debt is currently 16 trillion dollars.

Democrats and Republicans on the Issues. Government.

Why Should I Pay?.  It started in the American Colonies when the Revolutionary war began.

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

The 100 pennies represent $1 dollar in sales Sales

The Federal Budget A detailed estimate of revenue and spending – Revenue – Money that comes in to the government – Spending (Expenditures) – Money that.

The Estates-General and the National Assembly. Estates-General of 1789 A meeting between representatives of the 3 Estates. Had not met since 1614.

Choose the right picture Choose the right word. 5.

TAXES, SOURCES, & USES S.S.4.FL.1.8 Income earned from working and most other sources of income are taxed. Describe ways that the revenue from these taxes.

You in the economy Notes for Chapter 17. Getting paid Salary – fixed payments at regular intervals Salary – fixed payments at regular intervals Wages.

Texas Revenues III By PresenterMedia.com PresenterMedia.com.

The Connection Between Taxation and Social Programs.

Taxes. Taxes and Your Paycheck Payroll taxes Payroll taxes Based on earnings Based on earnings Paid to government by you and employer Paid to government.

TAXES NOTES. I. Types of taxes A. Excise tax – tax is included in price of product ex: gasoline B. property tax – tax on property 1. real property – land.

Government in the Economy

Required payment to a local, state or national government

Presentation transcript:

Why Should I Pay? Cody Koehn

 Military 42.2 income tax  Health 22.1 cents of every income tax dollar  Interest on non military debt 10.2 cents of every income tax dollar  Anti- poverty programs 8.7 cents of ever income tax dollars  Education, training and social services 4.4 cents of every income tax dollar  Gov. and law enforcement 3.9 cents of eve

 No I don’t agree with tax because all your doing is given away extra money

 SPENDS THEIR MONEY ON STUDENTS,CONSTRUCTION, AND DEBT.  this state chooses not to have a sales tax  Yes they do have a income tax

 Our state uses our money on construction and public education  Yes Texas has a income tax  Yes Texas has a sales tax rate which is 6.25%.

 Yes they have income$6,000  Yes they have a sales tax rate 6.97%  They use there income tax

 Tax rate of Florida is 6.50%  currently Florida does not collect an estate tax at the state level.  Florida doesn’t have income tax

 New Jersey’s tax rate is 10.25%  New jersey does use taxes.  They use taxes on Jersey Motor Vehicle Commission

1.name of items 2.pictures 3.where to purchase 4.cost 5.tax 6.total cost 7.justification for purchase

Name of items Xbox 360 Call of duty black ops Guitar Xbox live

Pictures

Cost 46.54/ call of duty black ops $150/ Xbox 360 $20/ membership $40/ guitar Total cost without taxes

Tax $10.00/ call of duty black ops $20.00/ Xbox 360 $6.99/ guitar 2.00/ membership Total tax 38.99

Total cost $295.54

mlhttp:/ / /streamfaqs.shtml idaestatetax.htm