Chapter 7 Understanding more taxes

Chapter 7 Understanding more taxes

Author: Matthew Lonn

Students will understand the different types of taxes used by the United States government to generate revenue along with tax fairness and efficiency.

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Understanding Taxes

Understanding Taxes

Take notes on slides 19-25. Then view the corresponding videos to help reinforce the content.

Questions you should be able to answer after the lesson.

1. What are the two basic principles of tax fairness?

2. The different types of taxes used throughout the U.S. federal tax system.

3. The difference between a progressive and regressive tax.

Chapter 7 Notes

Taxes explained

Source: You Tube