Friday, April 15, 2011

It's April 15th, Let's Learn About Taxes

April 15th is usually the deadline for filing income tax returns in the United States. This year, the deadline is April 18th. I usually have a few students in my classroom that are filing tax returns for the first time so this is a good time to give a short lesson on income taxes. If you would like to do the same, here are some resources to explore.

The IRS website, Understanding Taxes, is a good source of lesson plans and individual learning materials about taxes and budgets. In the teacher section of the site you will find lesson plans like this one (opens as pdf) designed to teach students about services for which tax revenue is used.

PBS Kids has a great lesson plan for introducing young students to the concepts of budgets and taxes. The lesson starts with a focus on the students' personal budget before moving onto the basic concepts of government budget.

Visual Economics is a provider of articles and infographics about various economics-related topics. Yesterday, I came across an infographic they produced titled How Wealthy Countries Tax Their Citizens. The infographic depicts how the world's 29 wealthiest countries tax their citizens and how that money is spent. Some of the other infographics from Visual Economics are Timeline of the New Healthcare Bill, US Trade Bans Across the Globe, and A Detailed Look at TARP.