This lesson focuses on taxes and the uses governments make of tax revenue. Tax revenue pays for public goods and services: roads, schools, court houses, police and fire protection, parks, national defense, and so on. Taxes are also used to fund transfer payments to people who receive Social Security, Medicare, disability, food stamp, and other benefits.
Concepts
- Income Tax
- Property Tax
- Public Goods
- Sale
- Sales Tax
- Services
Standards in Economics and Personal Finance
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