Taxes and Tarriffs

Open Ended

How does income tax contribute to the functioning of society and government?

Multiple Choice

Which of the following is NOT paid for by the income taxes?

• National defense

• Social Security

• National Debt

• Education

Multiple Choice

Which of the following is a primary use of sales tax revenue?

• Funding federal programs

• Funding schools and transportation

• Paying for international aid

• Supporting private businesses

Categorize

Options (6)

Taxes paid on things you already own

Strictly local

Taxes you pay on things you buy

Funds state and local gov't

Taxes you pay on what you make

Primary funding for the federal gov't

Categorize the following

Income Tax

Sales Tax

Property tax

Multiple Choice

Which of the following statements about progressive taxes is correct?

• Everyone pays the same rate regardless of income

• Higher earners pay higher rates

• Only low earners pay taxes

• Progressive taxes are rare in the United States

Multiple Select

Which of the following are reasons tariffs are placed on imports?

• To boost the economy

• To encourage spending on American products

• To raise prices for consumers

• To support lower income people