Nearpod version available
Grade 9-12
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Lesson
The Mathematics Behind Progressive, Regressive, and Proportional Taxes
Objective
Students will be able to:
- Define proportional, progressive and regressive taxes.
- Create equations from a table or a graph to represent relationships between income and tax.
- Represent average tax ratio as an equation in two or more variables.
- Explain how the average tax ratio changes for different tax structures as income increases.
Standard
National Standards in Economics
Role of Government and Market Failure
Standard: 16
- Students will understand that: There is an economic role for government in a market economy whenever the benefits of a government policy outweigh its costs. Governments often provide for national defense, address environmental concerns, define and protect property rights, and attempt to make markets more competitive. Most government policies also have direct or indirect effects on people's incomes.
- Students will be able to use this knowledge to: Identify and evaluate the benefits and costs of alternative public policies, and assess who enjoys the benefits and who bears the costs.
Scarcity
Standard: 1
- Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
- Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.
In this personal finance lesson, students will explore graphs to analyze the impact of different tax structures on families.
Resources
Procedure
Click NEARPOD VERSION: PROGRESSIVE,REGRESSIVE, & PROPORTIONAL TAXES to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!