Understand how to fill out a simplified federal tax form
Analyze the importance of taxes on the progress of society
Evaluate which tax policies are best for America’s development
1. Introduction: Bell Ringer
Give out monopoly money or a check to each person that designates an earned yearly salary.
Then give students the scale for our “graduated tax code” that delineates what they would owe in taxes based on that salary.
Have students figure how much federal taxes would be owed based on their salary.
Have students consider the following:
Based on the amount of money you had to pay, do you feel your tax share was fair?
2. Activity: Review the Backgrounder
Clarify terms in the backgrounder: Article 1, Section 8, Clause 1 of the Constitution, the powers designated by the Congress, 16th amendment, Internal Revenue Service, federal income tax, tax bracket, progressive income tax, Laffer curve
3. How Federal Income Tax Works
Have students take their checks and use that number to complete a 1040EZ tax form
Walk students through this process - either working at a computer station or with pen/pencil – to complete the 1040EZ form
4. Summary Question: To what extent is the process of collecting taxes easy?
HW Assignment: Have students read Seeking the Path to a Simpler Tax Code and answer the Questions to Consider.
4. Introduction (Bell Ringer): The Debate over Tax Code