1. Income Taxes

2. The Amendment That Never Was?

3. Progressive Taxation

4. Tax Forms

5. Income Tax Terminology

6. Exemptions, Deductions, and Credits

7. Audits

8. Concluding Thoughts “Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.” ― Frédéric BastiatFrédéric Bastiat

9. Discussion Questions 1.What is progressive taxation? 2.What is the difference between a tax deduction and a tax credit? 3.Describe one expense that is typically tax deductible. 4.Why is it important to save receipts for deductible expenses? 5.How do taxes distort the economy and create inefficiency?