Economics – 12/16/2016
I. Bellwork:
- SAT Reading
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 Work:
A. Thinking Maps
- Sin Tax – Brace Map
- Pages 251-253 Tree maps
- Describe Flat Tax and list its advantages (3) and disadvantages (3)
- Describe Value Added Tax and list its advantages (4) and disadvantages (3)
IV. Discussion
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
- Which 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?
C. Advocates expect more cities to adopt soda taxes
- What type of tax is this? It falls into 3 different categories
- How do you feel about this type of tax?
V. Chapter 9.1 & 9.2 iLearn Quiz – Today -Monday @12:00 pm
VI. Classwork
- Page 245 # 2, 3, 7 Q&A
- Claim Statement: Which type of tax (progressive, proportional, or regressive) do you believe is the most equitable way for the government to raise money? Provide support for your claim.
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