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

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Presentation transcript:

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

Income Tax: can be State and Federal “progressive tax”...which means:

Sales Tax: State and Local (biggest revenue source for states)

Corporate Tax: Federal

Estate Tax: Federal

Inheritance Tax: Federal

Property Tax: Local (used to fund schools along with federal funds)

Personal Property Tax: State and Local

Excise Tax: State or Local (sin tax, hidden tax)

Fees!!! Fees!! Fees. Are they a tax?

Disposal Fees: state and local

Impact Fee: usually state level (only some National Parks have fees)

User Fees: State and Local