Standards

— Standard 1: Earning an Income
— Standard 2: Taxes
— Standard 3: Bank Services
— Standard 4: Manage Bank Account
— Standard 5: Saving & Investing
— Standard 6: Retirement Saving
— Standard 7: Borrowing Money
— Standard 8: Shopping & Credit
— Standard 9: Fraud & Identity Theft
— Standard 10: Renting vs. Buying
— Standard 11: Insurance
— Standard 12: Gambling
— Standard 13: Bankruptcy
— Standard 14: Charitable Giving

General Information

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Standard 2: Taxes

Standard 2. The student will identify and describe the impact of local, state, and federal taxes upon income and standard of living.

1. Identify and explain types of taxes (e.g., personal income, sales, and property taxes) and explain the reasons for taxation at the local, state, and federal levels (e.g., roads, water/sanitation services, social services, schools, and law enforcement).
2. Explain the importance of meeting tax obligations and describe possible consequences of failing to meet those obligations (e.g., fees, penalties, interest, garnishment of wages, and imprisonment).

Online Curriculum and Lesson Plans

Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now

• Module 2.1: Somebody Has to Pay
• Module 2.3: Voluntary Compliance

It Just Adds Up lessons | view now

• Lesson 19 – Income Taxes
• Lesson 24 - Taxes Provide Public Goods and Services

Understanding Taxes | view now

Lessons on Taxes | view now

Council for Economic Education Lessons

• Old MacDonald to Uncle Sam
  Lesson 4 – Uncle Sam’s Checkbook | view now
  
• Financial Fitness for Life, Bringing Home the Gold, 9-12, Teacher Guide:
  Theme 2, Lesson 7 – Uncle Sam Takes a Bite
  
• Financial Fitness for Life, Shaping Up Your Financial Future, 6-8, Teacher Guide: Theme 5, Lesson 17 – What Taxes Affect You?