Tax

Taxation is when the _ makes citizens give them money to pay for services.

• company

• CEO

• Government

Select THREE legal ways the government can get money.

• Print money

• Corruption

• Borrow money

• Taxation

What happens if a government prints money?

• Inflation.

• It makes the most sense.

• They need to repay the money.

What happens if a government borrows money?

• Inflation.

• It makes the most sense.

• They need to repay the money.

What happens if a government taxes goods for money?

• Inflation.

• It makes the most sense.

• They need to repay the money.

Does children pay taxes?

• No, buying taxed goods and that does NOT count as "paying taxes"

• Yes, we buy taxed goods and that counts as "paying taxes"

Who's quote is this:

"In this world nothing can be said to be certain, except death and taxes."

• Benjamin Franklin

• Abraham Lincoln

• FDR

• Nelson Mandela

THERE IS no RIGHT ANSWER:

Which one do you think is more FAIR?

• Everyone pays R1000 no matter how much you earn.(Whether you earn R100 000 or R10 000 000.

• Everyone pays 10% (the same portion) of their income.

We usually pay ___ tax on bread and milk.

• low

• high

• extra

What is tax? What does tax get used for?