Economics – 5/08/2015
I. Bellwork:
- Synthesizing Information R45 1-3 Q&A
II. Objective:
- Given various scenarios distinguish between progressive, regressive, and proportional taxes
- Cite specific textual evidence to support analysis of primary and secondary sources
- Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.
III. Notebook:
IV. Classwork
A. Tennessee firefighters watch as home burns
- Do you believe the firefighters action was justified? Explain.
- Develop some alternative policies in which this situation may be avoided.
B. ARIZONA PROPOSES MEDICAID FAT FEE– WSJ.COM
- Four Square
- What principle of taxation does this tax involve?
- Based upon the criteria for effective taxes (p. 232), do you believe the tax will be effective? Why?
V. Chapter 9.1 & 9.2 iLearn Test – Today -Monday @ 3:30 pm
What to study:
- Objectives for Sections 9-1 & 9-2
- Know vocabulary words
- Progressive, Regressive, and Proportional tax & Examples of each
- Guided Reading 9-1- Ability to Pay & Benefit Principle
- Incidence of a tax/graphs pg 231
- Impact of a tax on producers and consumers(inelastic/elastic conditions)
- Types of taxes pg 235
- Federal Revenue Sources (Pie Chart)
- State & Local Revenue Sources p 242
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