Tic Tac Taxes
State, federal, sales, property — taxes taxes taxes! Why do we pay taxes? Why do we pay so many kinds of taxes, and what is the benefit to us? What are the goods and services that the government provides for us? How does the government pay for those goods and services? This lesson will take you through the different types of taxes governments impose, and the goods and services the governments provide in return.
- Distinguish among federal, state, and local taxes and the goods and services they support.
- Identify three basic types of taxes (income, sales, and property) and describe the purposes of each