Wednesday, March 12, 2014

Finance Park!

What did you find most interesting about this unit? This unit actually taught me a lot and I was able to get myself a debit card and understand how to use them. This was really a life lesson unit and I ejoyed learning about it all.
What are the 3 types of taxes that are collected and how is that money reinvested into our society and/or our governmennt.
Sales tax, property tax and income tax. They use it to resolve the budget debt, also goes to state and gov, 1% of the purchased value of the property per year which goes to your county and community. 

I would shop in Oregon and Canada bc they have no sales tax, Montana, Alaska, 

1.  In San Mateo County, how is the amount of property tax due each year determined? 
2.  If you were going on an all out shopping spree, which state(s) would you most want to be shopping in? If I could shop in any state I would shop in Oregon, Montana, Alaska, New Hamsphire, Delaware because it has no taxes.
3.  What, in your opinion, is the best use for income tax money that is collected?
The January 1 value established by the Assessor is multiplied by the tax rate (usually 1% plus voter approved indebtedness) then special charges are added. These special charges are added to the tax bill by local districts and cities, not by the Tax Collector. A sewer assessment is a typical special charge that is added to a tax bill.

No comments:

Post a Comment