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Taxes

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PRESENTATION OUTLINE

WHAT I KNOW ABOUT TAXES

Taxes are money you pay in order for he government to run

TAXES

MONEY NEEDED BY GOVERNMENT TO SUPPORT ITSLEF AND OTHER SERVICES

COMMUNITY

PEOPLE WORKING TOGETHER FOR A COMMON GOOD

BENEFITS

ROADS, LIBRARIES, SCHOOLS, MILITARY, FIRE, POLICE, RECREATION

INCOME TAX

TAX ON EARNED AND UNEARNED INCOME

PAYROLL TAX

TAX ON EARNED INCOME THAT SUPPORTS SOCIAL SECURITY AND MEDICARE

PROPERTY TAX

TAX ON LAND, BUILDINGS, AND VEHICLES

SALES TAX

TAX ON RETAIL ITEAMS PURCHASED IN A STORE

EXCISE TAX

TAX CHARGED ON CONSUMPTION

W-2 FORM

What you use to file your taxes

W-4 FORM

Fill out to give employer how much you want taken out for taxes

APRIL 15

DATE TO PAY YOUR TAXES

IMPORTANT FACT

Taxes play a role in both earning and spending

IMPORTANT FACT

One of the largest expenses for most people