Lesson 3.5 Learning Assessment: Taxes as a Financial Responsibility

  • Local Taxes

    "The money that the federal government uses to pay its bills comes mostly from taxes." The type of taxes that they collect are sales tax, property tax, and income tax. The type of sales tax that influences customers when purchasing an item is sales tax. This is because " A sales tax is the best way to ensure all consumers of government services pay for them."
  • Local Taxes (cont)

    The more purchase, the more tax you will pay. Makes you think before buying items. Depending on the local tax, it could be a large percentage of tax or a small amount. To make profit for the government. " In order to pay its bills, the government needs revenue, or a source of income."