Who Do Tax Breaks Benefit?

Who Do Tax Breaks Benefit?

Assessment

Interactive Video

Religious Studies, Other, Social Studies, Life Skills, Business

7th - 12th Grade

Hard

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The video discusses how the US tax code, particularly deductions, primarily benefits wealthy individuals. It uses hypothetical families to illustrate the impact of standard deductions, charitable contributions, and mortgage interest deductions on different income levels. The video highlights that while deductions incentivize certain behaviors like charitable giving and home buying, they disproportionately favor the rich, leading to less tax revenue for public services.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the standard deduction amount for each hypothetical family in 2018?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do tax deductions affect families with different income levels?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of charitable contributions in relation to tax deductions for wealthy families?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the overall impact of tax breaks on charitable giving among different income groups.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain how the mortgage interest deduction primarily benefits wealthy individuals.

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