State and Local Taxes
HS Math
Created on October 21, 2024
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Transcript
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State and Local Taxes
What will you learn in this lesson? - Compare taxes collected in different states - Identify local taxes and their use
I can..
- Fund Public Transportation
- Build Public Parks
- Fund Public Healthcare Programs
Governments use tax revenue to:
Engage
Video
Taxes
Local Governments may collect income, sales, and property tax
State Governments may collect both income and sales tax as revenue.
The Federal Governmnet depends on income tax as its main souurce of revenue.
Taxes Collected by Level Of Government
Sales Tax
Income Tax
No Income Tax
Special Cases Income Tax
Flat Income Tax
Income Tax Brackets
Property taxes are typically collected by local governments and provide a major source of income for local programs, roads, parks, and schools.
Property Tax
Answer questions in EDIO then submit your lesson
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