Economics – 11/25/19
I. Bellwork:
A. Tax holidays Link – Questions & Answers
1) In what month do most states offer Sales Tax Holidays?
2) According to the lists, What 4 items are often most included in the tax holidays?
II. Objective:
§ Given various scenarios distinguish between progressive, regressive, and proportional taxes
§ Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.
§ Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.
III. Discussion/Notes:
§ Types of Taxes – Copy Figure 9.2
IV. Activities
Activity 1: Progressive Taxes and You Show what percentage of each person’s income would go towards tax in a progressive system by completing pie graphs.
Activity 1: Regressive Taxes and You Show how a $2,000 tax affects the incomes of five citizens.
Activity 1: Proportional Taxes and You Find out how income is affected in a proportional tax system
V. Classwork
progressive regressive and proportional
VI. Homework – on iLearn
VII. Quiz Tomorrow
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