Tax incidence is a description of how the burden of a tax falls in a market. In this video we break down how to identify consumer surplus, producer surplus, tax revenue and tax incidence, and dead weight loss after a tax.
Material Type: Lesson
An interesting case of taxes and tax incidence is when one of the curves is perfectly elastic. Explore what happens when demand is perfectly elastic in this video. Created by Sal Khan.
Material Type: Lesson
This task is not about computing the final price of the shirt but about using the structure in the computation to make a general argument.
Material Type: Activity/Lab
Context Rich Problem using the concepts of excise tax incidence, elasticity of demand, and elasticity of supply. Students must determine which information is appropriate and which is extraneous to the problem.
Material Type: Activity/Lab
Thinking about a consumption function where taxes are also a function of income (which is more realistic than constant taxes). Created by Sal Khan.
Material Type: Lesson
The burden of a tax falls most heavily on someone who can't adjust to a price change. That means buyers bear a bigger burden when demand is more inelastic, and sellers bear a bigger burden when supply is more inelastic. Created by Sal Khan.
Material Type: Lesson
Determining a Tax Structure - The different tax structures are reinforced through the calculation of the tax rate at two different income levels.
Material Type: Activity/Lab
How to factor in negative externalities through taxation. Created by Sal Khan.
Material Type: Lesson
Can the government actually increase tax revenues by cutting tax rates? A lot of politicians - and even some economists - seem to think so. The idea is that the tax cut will spur so much economic growth that tax revenues increase despite the lower rate. It's an idea known to economists as the Laffer Curve. But is that true? EconGuy looks at the numbers, and then at recent U.S. experience with tax cuts, tax increases, and revenues.
Material Type: Lecture
This video is a 14 minute video where students can see a 1040EZ tax form filled out. This video will aid in mastery of standard EPF. 16
Material Type: Lecture
Learn the very basics of managing money as well as strategies for saving, budgeting, retirement and more
Material Type: Diagram/Illustration, Interactive, Lecture, Reading
This unit covers topics in personal taxes.
Material Type: Unit of Study
This inquiry leads students through an investigation of property taxes in Nebraska. It focuses on the history, administration, and use of revenue from the taxes. Relief efforts both past and current will be analyzed with students formulating their own solutions. Resource created by Dan Gossman, Johnson-Brock Public Schools, as part of the Nebraska ESUCC Social Studies Special Projects 2023 - Inquiry Design Model (IDM).
Material Type: Unit of Study
Students have special tax situations and benefits. Understand how that affects you and your taxes. Get general information about how to file and pay taxes, including many free services, by visiting the Individuals page. If you're filing a tax return, you may need to include scholarships and grants as taxable income. Tax benefits for higher education, such as loan interest deductions, credits and tuition programs, may help lower the tax you owe.
Material Type: Reading
Whether you're "on assignment" or just browsing the Web, this set of 38 Understanding Taxes student lessons has something for everyone. Divided into two content areas — the Hows of Taxes and the Whys of Taxes — The Hows of Taxes shows you how to apply tax principles, while the Whys of Taxes explains tax history and theory.
Material Type: Lesson, Unit of Study
Does teaching about taxes seem as intimidating as completing your yearly tax forms? Don't worry! Understanding Taxes can be customized to fit your own personal teaching style. You have the freedom to choose which activities and methods of instruction work best to meet the needs of your students. Teaching taxes can take a traditional approach as students complete downloaded worksheets, classroom activities, and assessment pages. Or, students can complete work online and take part in interactive activities and simulations.
Material Type: Lesson, Unit of Study
This real-life descriptive modeling lesson (see page 61 of the CCLS or page 71 of the CCSS) is about using inequalities and graphs to understand the progressive federal tax system. Like the last lesson, this lesson again runs through the problem, formulate, compute, interpret, validate, report modeling cycle, but unlike the difficult modeling lesson on the Double and Add 5 game, more autonomy can be given to students in this lesson.
Material Type: Lesson
In this lesson, students discover what tax dollars are used for and evaluate which tax-funded community services they feel are important.These services include libraries, police and fire departments, roads, water/sanitation services,and schools.
Material Type: Lesson Plan
Financial literacy - CashOnHand - Deductions - Brandon - ASL/English
Material Type: Lesson
Financial literacy - CashOnHand - Deductions - Brandon - ASL/Spanish
Material Type: Lesson
