1. “My Taxes…, My Responsibilities”
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
Lesson 4 ―
“My Taxes…,
My Responsibilities”

2. THE BABY BOOM: 1946-1964 Birth in Millions 1930 1940 1950 1960 1970
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
THE BABY BOOM:
1930
1940
1950
1960
1970
1980
4.5
4.0
3.5
3.0
2.5
2.0
Birth in Millions
Source: U.S. Census

3. YEARS SPENT IN RETIREMENT
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
YEARS SPENT IN RETIREMENT 
1.2
19.4
20-25
13.6
Age 30 25 20 15 10 5

4. LINEAR LIFEPLAN Age 10 20 30 40 50 60 70 80 Education Work Leisure
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
LINEAR LIFEPLAN
Age 10 20 30 40 50 60 70 80
“Longevity Bonus”
Education
Work
Leisure

5. UNITED STATES 2015 BUDGET TAXES $3.20 DEFICIT $0.60 ====== $3.80
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
UNITED STATES 2015 BUDGET
TAXES
$3.20
DEFICIT
$0.60
======
$3.80
SPENDING
$3.80
IN TRILLIONS OF DOLLARS

6. UNITED STATES DEBT DEBT 2007 $ 9.00 ~~~ DEBT 2012 $16.06 DEBT 2013
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
UNITED STATES DEBT
DEBT 2007
$ 9.00
~~~
DEBT 2012
$16.06
DEBT 2013
$16.74
DEBT 2014
$17.82
DEBT 2015 (EST)
$18.40
IN TRILLIONS OF DOLLARS

7. PROGRESSIVE INCOME TAX TABLE
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?
PROGRESSIVE INCOME TAX TABLE
FOR SINGLE PERSONS – 2015
IRS.GOV

8. “MY TAXES…, MY RESPONSIBILITIES”
LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?

9. LESSON 4, rev C
“MY TAXES…, MY RESPONSIBILITIES”
...do you know how it works?

10. All Federal Income Taxes Paid in the United States
LESSON 4, rev C
“MY TAXES.., MY RESPONSIBILITIES
..do you know how it works??
All Federal Income Taxes Paid in the United States
Year 2001

11. Taxes – How many are there?
LESSON 4, rev C
“MY TAXES.., MY RESPONSIBILITIES
..do you know how it works??
Taxes – How many are there?
Affordable Care Act (Obama Care)
Tax Air(cell phones)
Building Permit Tax
Capital Gains Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Franchise Tax
Federal Unemployment Tax (FUTA)

12. Taxes – How many are there?
LESSON 4, rev C
“MY TAXES.., MY RESPONSIBILITIES
..do you know how it works??
Taxes – How many are there?
Fishing License Tax
Food License Tax
Gasoline / Diesel Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Payroll Taxes (Medicare & Social Security)

13. Taxes – How many are there?
LESSON 4, rev C
“MY TAXES.., MY RESPONSIBILITIES
..do you know how it works??
Taxes – How many are there?
Property Taxes
City Tax
County Tax
School Tax
  Severance Tax (oil royalties)
Road Usage Tax (Truckers)
Sales Taxes
State Income Tax
  State Unemployment Tax (SUTA)
Telephone Federal Excise Tax< /SPAN>
Telephone Federal Universal Service Fee Tax

14. Taxes – How many are there?
LESSON 4, rev C
“MY TAXES.., MY RESPONSIBILITIES
..do you know how it works??
Taxes – How many are there?
Telephone Federal, State and Local Surcharge
Telephone Minimum Usage Surcharge Tax
Telephone Recurring & Non-recurring Charges
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Water District Tax (MUD)
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

15. Taxes – How many are there?
LESSON 4, rev C
“MY TAXES.., MY RESPONSIBILITIES
..do you know how it works??
Taxes – How many are there?
Environmental Impact Tax (old car tires & batteries)