Educator Edition — Free Tools For Teaching Accounting

The Tax Law of the Land

Even though it might not be April, it’s tax time! It’s time for your students to learn about tax law. Why? Because tax laws affect everyone. In fact, practically every business, financial and organizational decision in America today has tax implications. This handout discusses tax law origination and can be incorporated into your existing related lesson plans.

After your class has a basic understanding of the content, split them into two teams. Have them put on their state and federal thinking caps to come up with new laws – some that are socially based and some that are economically based. Then they can present their proposed laws to the opposing team, who will decide whether each is a social or economical tax law. You can discuss each new law in more detail at the end of the exercise.