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Understanding Tax Myths

Understanding Tax Myths

Assessment

Interactive Video

Social Studies, Business

10th - 12th Grade

Practice Problem

Hard

Created by

Ethan Morris

FREE Resource

The video debunks 12 myths about taxing the rich, explaining that higher taxes on the wealthy do not hinder economic growth and are supported by a majority of Americans. It clarifies misconceptions about marginal tax rates, wealth taxes, and the fairness of taxing the rich. The video argues that tax cuts for the wealthy do not benefit the broader economy and highlights the importance of reducing inequality to protect democracy. It concludes by encouraging viewers to question these myths and engage with the content.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main topic discussed in the video?

Education policies

Climate change

Higher taxes on the rich

Healthcare reform

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed top marginal tax rate by Congresswoman Alexandria Ocasio-Cortez?

80%

50%

60%

70%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Americans support raising taxes on families making more than 10 million dollars a year?

50%

60%

80%

70%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main source of household wealth for most people?

Stocks

Bonds

Gold

Property

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average economic growth rate when the top marginal tax rate is high?

5%

2.1%

3.5%

4%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did America's largest corporations do after the corporate tax rate was lowered in 2018?

Cut more jobs

Created more jobs

Increased wages

Expanded operations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do rich families avoid paying capital gains taxes?

By passing their wealth to heirs

By donating to charity

By investing in real estate

By hiding money offshore

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