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- Benjamin Franklin
- Author Unknown
- Author Unknown
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- Oliver Wendell Holmes, Jr.
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1. Get into your groups and receive a group #.
2. Retrieve all your necessary materials: text, poster paper, markers. Assign group roles.
3. Create a poster using a graphic organizer of your choice: flow chart, concept hierarchy, Venn diagram. Make it sexy!
4. Present your poster - you're the teacher! Make sure all group members' names are on the it.
- Napoleon Bonaparte
- United States Constitution, Article 1, Section 8
an income, or an amount of money regularly coming in
the activity of buying and selling, especially on a large scale
1.What are the major Federal and State limits on raising revenue?
2.What are the four principles of sound taxation? (Adam Smith)
3.What are the major tax and nontax sources of State and local revenue?
4.How can we describe the State budget process?
relating to government revenue; financial matters
imposing (forcing) a tax, fee, or fine
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Amanda
Briana
Roy
Tyra
Allyson
a financial plan for the use of public money, personnel, and property
Richie
Jeries
Marichris
Danielle
Trevor
Ryan
Marc
Daniel
"Mo Money Mo Problems"
- Notorious B.I.G. ft. Mase & Puff Daddy
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Anthony
Jordan
Brandon
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Kevin
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Renzo
Miranda
Angel
Nicholas
Holly
Cynthia
Chadd
Natsumi
Fiorella
Sarah
State constitutions limit the State and local taxing powers
1. Subjects contribute in proportion to their abilities.
- 14th amendment
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Jennie
Amanda
Anna
John
Raveen
Abanda
Jonathan
Gloria
Jade
Veronica
Fredine
Francis
Denny
Moanaloa
States cannot raise revenue from...
- interstate and foreign commerce
- the Federal government and its agencies
- any unfairly imposed or administered tax
- taxes that require confiscated property
- taxes imposed for other
than public purposes
- Most constitutions create tax exempt groups
- State codes often set maximum rates for levies
- Some taxes are prohibited
Each agency prepares estimates of its needs for the upcoming year.
Estimates are reviewed by an executive budget agency.
2. Taxes are certain and not arbitrary.
3. Taxes are levied at a time and in a manner convenient to the contributor.
The revised estimates and supporting information are presented as the governor's budget.
The budget is considered part by part, funds are appropriated, and revenue measures are passed by the legislature.
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Jennifer
Robert
Jeffrie
Aaron
Jonathan
Desirae
Aldair
Cynthia
Jorge
Jason
Erik
Jemielle
Jamie
Jessica
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Keith
4. Taxes should not take much more money from the people than government needs.
The governor supervises the execution of the budget approved by the legislature.
The execution of the budget is checked independently by auditors.