Economics – 12/03/18

I. Bellwork:

• Synthesizing Information R45 1-3 Q&A
• R45

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. Review:

• Incidence of a tax
• Criteria for Effective taxes
• Two Principles of Taxation
• Sin tax
• Federal, State & Local – Examples
• Progressive, Regressive, & Proportional – Examples
• Flat Tax and Value Added Tax

IV.   Classwork/Discussion

A.   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.

B. ARIZONA PROPOSES MEDICAID FAT FEE– WSJ.COM

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

VI.  Chapter 9.1 & 9.2 iLearn Test – Tomorrow

Economics F2018