Economics – 11/22/10
I. Bellwork:
A. Transparency #74 Q & A
- What was the major source of federal income in 1863?
- What is the major source of federal income for the recent year depicted?
- What generalizations can you make when comparing the sources of 1863 federal income with the recent year?
II. Objective:
Determine and Identify:
- Impact of taxes on the economy
- Criteria for Effective taxes
- Principles of Effective taxes
- Three categories of taxes
III. Classwork:
Page 229 Vocabulary – All 16
IV. Discussion/Notes:
The Economics of Taxation Pages 229-236
V. Notebook Question:
Explain which type of tax you believe is the best to implement.
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