Economics 9-1

The Economics of

TaxationPages 223-229

Economics 9-1The Economics of Taxation

ESSENTIAL QUESTION:• Why should people pay taxes in proportion to the benefit that they receive?

•Why should people be taxed based on their ability to pay taxes?

• How do the three types of taxes affect people with different income levels?

Pages 223-229

The Economics of TaxationPages 223-229

GPS STANDARDS:

SSEPF3- Explain how changes in government monetary and fiscal policy can have an impact on an individual’s spending and saving choices.

b.) Define ( and explain the impact) of progressive, regressive, and proportional taxesc.) Explain how an increase in sales tax affects different income groups

The Economics of TaxationPages 223-229

Figure 9.3

p. 223-229