Standard 2: Taxes

  1. 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).
  2. Explain how taxes, employee benefits, and payroll deductions affect income.
  3. 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).
  4. 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


Online Resources

Expanded Activities
  • Taxes: Where Does Your Money Go? | Thirteen Ed Online
  • Tax Time Scavenger Hunt - EconEdLink | View now
  • New York Times Newspaper Lesson - Can't Live With 'Em, Can't Live Without 'Em Understanding the Role of Taxes in Society | view now