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Published byMay Franklin Modified over 9 years ago
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Bell Work What are the 3 types of tax structures? What are the 3 types of tax structures? What 4 characteristics make up a good tax? What 4 characteristics make up a good tax?
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Bell Work Answers What are the 3 types of tax structures? What are the 3 types of tax structures? What 4 characteristics make up a good tax? What 4 characteristics make up a good tax? Proportional Progressive Regressive Simplicity Efficiency Certainty Fair
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State and Local Taxes Operating Budget DDDDay-to-day items Salaries Supplies Capital Budget MMMMajor Investment Items Bridge Building
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* Unlike Federal budgets, state’s operating budget must be balanced.
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Areas of State Spending Education Universities Help local governments Public Safety State Police Jails
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Areas of State Spending Cont… Highways and Transportation Eminent domain – Government buying of private property for public use Public welfare PPPPublic hospitals WWWWater supply/clinics/pollution Arts and Recreation SSSState park SSSState fair Administration SSSState workers
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State Tax Revenue Sales Tax Sales Tax Income Tax Income Tax
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Local Government City Tax City Tax Property Tax Property Tax Pays For: Public Schools Police Fire Public Transportation Election Social Services
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