Economics
Economics
Unit 2 | Topic 8 | Taxes and Spending
Unit 2 | Topic 8 | Taxes and Spending
Taxes are the main source of the revenue governments - federal, state, and local - need to serve and protect the people. The U.S. Constitution limits the power to tax. Taxes come in many forms, and they serve a variety of different goals and purposes.
What are the features of a tax system?
What taxes does the federal government collect?
How does the federal government spend its income?
How do local governments manage their money?
How can taxation meet the needs of government and the people?