Αποτελέσματα Αναζήτησης
Explain that the government collects taxes to pay for goods and services the government provides, such as highways, national parks, and fighter jets, and to operate the government.
Explain that federal revenue comes from income taxes and that state and local taxes come from transaction taxes, income taxes, and property taxes. Use Info Sheet 1: Transaction, Income, and Property Taxes to supplement the discussion.
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describe why governments need revenue to provide goods and services. identify taxes as an important source of governmental revenue. explain how taxes transfer the use of resources from the private sector to the government.
The government uses money to pay for three general types of expenses: purchases, transfer payments, and interest payments. Government purchases are goods and services bought by the government, such as transportation and defense.
In this lesson, students learn how and where the Federal Government spends money. Using the Lesson 2 Activity “To the Penny,” students work in teams to allocate 100 pennies across 14 categories as they think the government allocates money in the Federal Budget.
Become aware of the individual income tax, the collection procedures, filing of returns, and some of the IRS forms used. Learn that different income groups pay a different percentage of their income in taxes. Calculate individual federal income tax using different rates and structures.
