Theme 1 Lesson 3:
People Pay Taxes

The students participate in an activity designed to help them understand when and why people pay taxes. They learn about income and the differences between gross and net income. They learn that we pay taxes on income and that governments use tax revenue to provide goods and services. Many goods and services provided by government are particularly important because they are not likely to be provided by businesses.

Visuals & Activities


  • Gross Income
  • Income
  • Income Tax
  • Property Tax
  • Sale
  • Sales Tax
  • Taxes

Standards in Economics and Personal Finance

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