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3rd Period

1st Period

Financing State and Local Governments

Chapter 25, Section 4

"In this world, nothing can be said to be certain, except death and taxes."

- Benjamin Franklin

"Did you ever notice that when you put the words 'The' and 'IRS' together, it spells 'THEIRS'?"

- Author Unknown

"The best things in life are free, but sooner or later the government will find a way to tax them."

- Author Unknown

Jigsaw!

Maria

Nisha

Cary

Ricardo

Linette

Brian

Roman

Devonte

"Taxes are the price we pay for civilization."

Austin

Elizabeth

Celene

John

Brandon S.

Brandon C.

Kevin

Destiny

- Oliver Wendell Holmes, Jr.

"Not one cent should be raised unless it is in accord with the law."

Alyssa

Diana

Desiree

Matt

Russell

Keith

Katie

Jessica

Deonte

Pauline

Sarah

Ezekiel

Jacob

Randi

Jordan

Sam

Joseph

Nozomi

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

"The Congress shall have power to lay and collect taxes, duties, imposts and excises to pay the debts and provide for the common defense and general welfare of the United States."

- United States Constitution, Article 1, Section 8

Presentations!

Key terms

- Revenue:

an income, or an amount of money regularly coming in

- Commerce:

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?

- Fiscal:

relating to government revenue; financial matters

- Levies:

imposing (forcing) a tax, fee, or fine

- Budget:

Rhiannon

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

"I don’t know what they want from me

It’s like the more money we come across

The more problems we see..."

"Mo Money Mo Problems"

- Notorious B.I.G. ft. Mase & Puff Daddy

Rylie

Anthony

Jordan

Brandon

Synai

Kevin

Nicolette

Renzo

Miranda

Angel

Nicholas

Holly

Cynthia

Chadd

Natsumi

Fiorella

Sarah

Kevin W. Kim

University of Southern California

NHS U.S. Government

1.16.13

Summary

Limits on Raising Revenue

2nd Period

Summary (continued)

State Limitations

Federal Limitations

The Principles of Sound Taxation

State constitutions limit the State and local taxing powers

The Budget Process

Sources of Revenue

1. Subjects contribute in proportion to their abilities.

- 14th amendment

Alyssa

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.

Kayla

Jennifer

Robert

Jeffrie

Aaron

Jonathan

Desirae

Aldair

Cynthia

Jorge

Jason

Erik

Jemielle

Jamie

Jessica

Ali

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.

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