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Copy of WHAT I KNOW ABOUT TAXES

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PRESENTATION OUTLINE

WHAT I KNOW ABOUT TAXES

TAXES

A SUM OF MONEY DEMANDED BY A GOVERNMENT

Community

Group of people working together for a common good

Benefits of taxes

roads, schools, military, police, fire department, libraries 

income tax

tax on earned and unearned income

payroll tax

tax on earned income that supports the Social security and medicare programs

property tax

tax on a property : house, phone and car :

sales tax

a tax on items purchased in retail stores

excise tax

taxes charged on consumption items 

w-2 form

what you use to file your taxes

w-4 form

what you fill out to give to your employer, tells them how much money you want taken off your paycheck

date to pay your taxes

April 15

The most important thing about taxes

PLAY A ROLE IN EARNING AND IN SPENDING