Standard 2: Taxes

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).
Explain how taxes, employee benefits, and payroll deductions affect income.
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).
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

Council on Economic Education Lessons

Tic Tax Taxes – Econedlink.org | view now
From Old McDonald to Uncle Sam Lesson Plan – Standard 2-Taxes
Curriculum Set: Financial Fitness for Life Contact the Oklahoma Council on Economic Education
- Financial Fitness for Life, Bringing Home the Gold, 9-12, Teacher Guide:
- Financial Fitness for Life, Theme 2, Lesson 7 – Uncle Sam Takes a Bite
- Financial Fitness for Life, Shaping Up Your Financial Future, 6-8, Teacher Guide: Theme 5, Lesson 17 – What Taxes Affect You?
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