Educator Edition — Free Tools For Teaching Accounting

Taxes: Where Does Your Money Go?

This lesson looks at taxes from both the big picture and individual perspective. Students learn about why the government taxes, where the money goes and how different income brackets pay different taxes. They also learn about their individual responsibility to pay taxes and why their gross salary does not always reflect what they will take home. Finally, the class will examine ways to lower taxes through deductions, retirement accounts, etc.

Get the lesson plan at Thirteen.org.