- Identify and explain types of taxes (e.g., personal income, sales, and property taxes) and explain the reasons for taxation at the local, state, and federal levels (e.g., roads, water/sanitation services, social services, schools, and law enforcement).
- Explain how taxes, employee benefits, and payroll deductions affect income.
- Explain the importance of meeting tax obligations and describe possible consequences of failing to meet those obligations (e.g., fees, penalties, interest, garnishment of wages, and imprisonment).
- Explain the societal importance for meeting tax obligations (e.g., market economy and capitalism: poverty, pollution, medical research, government assistance programs, education, and government funded services and projects).
Online Curriculum and Lesson Plans
Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now
- Module 2.1: Somebody Has to Pay
- Module 2.3: Voluntary Compliance
Council on Economic Education Lessons
- Tic Tax Taxes – Econedlink.org | view now
- From Old McDonald to Uncle Sam Lesson Plan – Standard 2-Taxes
- Curriculum Set: Financial Fitness for Life Contact the Oklahoma Council on Economic Education
- Financial Fitness for Life, Bringing Home the Gold, 9-12, Teacher Guide:
- Financial Fitness for Life, Theme 2, Lesson 7 – Uncle Sam Takes a Bite
- Financial Fitness for Life, Shaping Up Your Financial Future, 6-8, Teacher Guide: Theme 5, Lesson 17 – What Taxes Affect You?
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