Economics 9-1 The Economics of Taxation Pages 223-229.

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Presentation transcript:

Economics 9-1 The Economics of Taxation Pages

Economics 9-1 The Economics of Taxation ESSENTIAL QUESTION: Why should people pay taxes in proportion to the benefit that they receive? Why should people be taxed based on their ability to pay taxes? How do the three types of taxes affect people with different income levels? Pages

The Economics of Taxation Pages GPS STANDARDS : SSEPF3- Explain how changes in government monetary and fiscal policy can have an impact on an individual’s spending and saving choices. b.) Define ( and explain the impact) of progressive, regressive, and proportional taxes c.) Explain how an increase in sales tax affects different income groups

The Economics of Taxation Pages Figure 9.3

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