I. Bellwork:

A.)  Questions & Answers

• Page 242 Economic Analysis
• Page 244 Economic Analysis

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.  Tree Maps

• Pages 251-253
  • 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.  Hidden Taxes

B.  Michigan Excise Taxes

C.  Tennessee firefighters watch as home burns

1. Do you believe the firefighters action was justified?  Explain.
2. Develop some alternative policies in which this situation may be avoided.

V.  Classwork

A.  ARIZONA PROPOSES MEDICAID FAT FEE– WSJ.COM

Arizona Proposes Fines for Unhealthy Habits

1. Explain what  Arizona would like to do.
2. Which principle of taxation does this tax involve?Explain
3. Based upon the criteria for effective taxes (p. 232), do you believe the tax will be effective? Why?

B.  A new tax on sodas

Philadelphia becomes battleground over sugary drink tax

1. What is the benefit of this tax?
2. What are some negative effects this tax may have?
3. Explain your opinion on this tax.

VI.  Chapter 9.1 & 9.2 iLearn Test – Today -Thursday @ 11:00 pm

Economics W2017