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Boundless Lecture Slides

Boundless Lecture Slides. Available on the Boundless Teaching Platform. Free to share, print, make copies and changes. Get yours at www.boundless.com. Using Boundless Presentations. Boundless Teaching Platform

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Boundless Lecture Slides

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

  2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

  3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

  4. Introduction to Taxes Taxes and Public Finance Deploying and Measuring Taxes Progressive, Proportional, and Regressive Taxes Taxation in the United States ] Personal, Property, and Sales Taxes Taxes and Public Finance Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Taxes and Public Finance > Introduction to Taxes Introduction to Taxes • What Taxes Do • How Taxes Impact Efficiency: Deadweight Losses Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/taxes-and-public-finance-16/introduction-to-taxes-84/

  6. Taxes and Public Finance > Deploying and Measuring Taxes Deploying and Measuring Taxes • How Taxes Work in the United States Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/taxes-and-public-finance-16/deploying-and-measuring-taxes-85/

  7. Taxes and Public Finance > Progressive, Proportional, and Regressive Taxes Progressive, Proportional, and Regressive Taxes • Comparing Marginal and Average Tax Rates • Tax Incidence, Efficiency, and Fairness • Tax Incidence and Elasticity • Trading off Equity and Efficiency Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/taxes-and-public-finance-16/progressive-proportional-and-regressive-taxes-86/

  8. Taxes and Public Finance > Taxation in the United States Taxation in the United States • Financing the US Government • Financing State and Local Government Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/taxes-and-public-finance-16/taxation-in-the-united-states-87/

  9. Taxes and Public Finance > Personal, Property, and Sales Taxes Personal, Property, and Sales Taxes • Corporate and Payroll Taxes Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/taxes-and-public-finance-16/personal-property-and-sales-taxes-88/

  10. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  11. Taxes and Public Finance Key terms • average tax rateThe ratio of the amount of taxes paid to the tax base (taxable income or spending). • balanced budgetA (usually government) budget in which income and expenditure are equal over a set period of time. • CongressThe two legislative bodies of the United States: the House of Representatives, and the Senate. • corporate taxA tax levied on a corporation, especially on its profits; corporation tax • deadweight lossA loss of economic efficiency that can occur when an equilibrium is not Pareto optimal. • elasticSensitive to changes in price. • elasticityThe sensitivity of changes in a quantity with respect to changes in another quantity. • equityJustice, impartiality or fairness. • fiscal policyGovernment policy that attempts to influence the direction of the economy through changes in government spending or taxes. • income taxA tax levied on earned and unearned income, net of allowed deductions. • income taxA tax levied on earned and unearned income, net of allowed deductions. • income taxA tax levied on earned and unearned income, net of allowed deductions. Free to share, print, make copies and changes. Get yours at www.boundless.com

  12. Taxes and Public Finance • inelasticNot sensitive to changes in price. • inelasticityThe insensitivity of changes in a quantity with respect to changes in another quantity. • Internal Revenue ServiceThe United States government agency that collects taxes and enforces tax laws. • marginal tax rateThe tax rate that applies to the last unit of currency of the tax base (taxable income or spending), and is often applied to the change in one's tax obligation as income rises. • Pareto optimalDescribing a situation in which the profit of one party cannot be increased without reducing the profit of another. • payroll taxA tax levied when an employer pays its employees. • progressive taxA tax by which the rate increases as the taxable base amount increases. • progressive taxA tax by which the rate increases as the taxable base amount increases. • property taxAn (usually) ad valorem tax charged on the basis of the fair market value of property. • regressive taxA tax imposed in such a manner that the rate decreases as the amount subject to taxation increases. • sales taxA local or state tax imposed as a percentage of the selling price of goods or services payable by the customer. The tax is not recognized as the seller's earnings; the seller only collects the tax and transmits the same to local or state authorities. • sales taxA local or state tax imposed as a percentage of the selling price of goods or services payable by the customer. The tax is not recognized as the seller's earnings; the seller only collects the tax and transmits the same to local or state authorities. Free to share, print, make copies and changes. Get yours at www.boundless.com

  13. Taxes and Public Finance • Social SecurityA system whereby the state either through general or specific taxation provides various benefits to help ensure the wellbeing of its citizens. • taxMoney paid to the government other than for transaction-specific goods and services. Free to share, print, make copies and changes. Get yours at www.boundless.com

  14. Taxes and Public Finance Income and Outlays (IRS Publication 2105; Rev 3-2011) Tax revenue is used by the government to support services and activities available to all residents. Free to share, print, make copies and changes. Get yours at www.boundless.com Internal Revenue Service.Public domainhttp://www.irs.gov/pub/irs-pdf/p2105.pdfView on Boundless.com

  15. Taxes and Public Finance Taxation and Deadweight Loss Taxation can be evaluated as a non-market cost. In this case imposition of taxes reduces supply, resulting in the creation of deadweight loss (triangle bounded by the demand curve and the vertical line representing the after-tax quantity supplied), similar to a binding constraint. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/5/51/TaxWithTax.svg/250px-TaxWithTax.svg.pngView on Boundless.com

  16. Taxes and Public Finance Progressive taxation Graph demonstrates a progressive tax distribution on income that becomes regressive for top earners. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BYhttp://upload.wikimedia.org/wikipedia/commons/thumb/5/55/Total_Effective_Tax_Rates_2011.jpg/220px-Total_Effective_Tax_Rates_2011.jpgView on Boundless.com

  17. Taxes and Public Finance Tax: Inelastic supply and elastic demand In a scenario with inelastic supply and elastic demand, the tax burden falls disproportionately on suppliers. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BYhttp://upload.wikimedia.org/wikipedia/commons/thumb/e/ec/Tax_incidence_(producer).svg/540px-Tax_incidence_(producer).svg.pngView on Boundless.com

  18. Taxes and Public Finance Income tax Income tax is a progressive tax that assumes a regressive nature at the highest tax rate. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/5/55/Total_Effective_Tax_Rates_2011.jpg/220px-Total_Effective_Tax_Rates_2011.jpgView on Boundless.com

  19. Taxes and Public Finance Harberger's Triangle Deadweight loss, represented by Harberger's triangle, is the yellow triangle. It represents lost efficiency. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Deadweight-loss-price-ceiling."CC BYhttp://en.wikipedia.org/wiki/File:Deadweight-loss-price-ceiling.svgView on Boundless.com

  20. Taxes and Public Finance Corporations are subject to multiple taxes Corporations, such as CBS, whose headquarters are pictured above, are subject to multiple forms of tax, from corporate income tax to payroll taxes. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/4/41/Cbs-building.jpg/300px-Cbs-building.jpgView on Boundless.com

  21. Taxes and Public Finance IRS The IRS is responsible for interpreting and enforcing tax legislation passed by Congress. The IRS taxes only realized returns, though financial reports must also include unrealized returns on the balance sheet. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."File:IRS.svg - Wikimedia Commons."Public domainhttp://commons.wikimedia.org/w/index.php?title=File:IRS.svg&page=1View on Boundless.com

  22. Taxes and Public Finance Shared tax incidence The imposition of a tax can result in a reduction to both consumer and producer surplus relative to the pre-tax scenario. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BYhttp://upload.wikimedia.org/wikipedia/commons/thumb/0/03/Tax_incidence_(mixed).svg/540px-Tax_incidence_(mixed).svg.pngView on Boundless.com

  23. Taxes and Public Finance Tax: Similar elasticity for supply and demand When a tax is imposed in a scenario where demand and supply exhibit similar elasticities, the tax burden is shared. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/0/03/Tax_incidence_(mixed).svg/300px-Tax_incidence_(mixed).svg.pngView on Boundless.com

  24. Taxes and Public Finance Pearl Hill State Park State parks like Pearl Hill, located in Townsend, Massachusetts, rely on tax revenue for support and maintenance. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/2/2b/Pearl_Hill_State_Park,_Townsend_MA.jpg/800px-Pearl_Hill_State_Park,_Townsend_MA.jpgView on Boundless.com

  25. Taxes and Public Finance Taxation authority In the United States the Internal Revenue Service is the regulatory authority empowered by Congress to collect taxes. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/0/05/IRS_Sign.JPG/220px-IRS_Sign.JPGView on Boundless.com

  26. Taxes and Public Finance Attribution • Wiktionary."income tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/income_tax • Wiktionary."sales tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/sales_tax • Wikipedia."regressive tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/regressive%20tax • Wikipedia."progressive tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/progressive%20tax • Wikipedia."Tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tax%23Purposes_and_effects • Internal Revenue Service.Public domainhttp://www.irs.gov/pub/irs-pdf/p2105.pdf • Wiktionary."Pareto optimal."CC BY-SA 3.0http://en.wiktionary.org/wiki/Pareto_optimal • Wikipedia."deadweight loss."CC BY-SA 3.0http://en.wikipedia.org/wiki/deadweight%20loss • Wikipedia."Deadweight loss."CC BY-SA 3.0http://en.wikipedia.org/wiki/Deadweight_loss • Wikipedia."Deadweight loss."CC BY-SA 3.0http://en.wikipedia.org/wiki/Deadweight_loss • Wiktionary."Internal Revenue Service."CC BY-SA 3.0http://en.wiktionary.org/wiki/Internal_Revenue_Service • Wiktionary."Congress."CC BY-SA 3.0http://en.wiktionary.org/wiki/Congress • Wikipedia."United States Congress."CC BY-SA 3.0http://en.wikipedia.org/wiki/United_States_Congress • Wikipedia."IRS."CC BY-SA 3.0http://en.wikipedia.org/wiki/IRS • Wikibooks."US Income Tax/Introduction."CC BY-SA 3.0http://en.wikibooks.org/wiki/US_Income_Tax/Introduction • Wikipedia."Taxation in the United States."CC BY-SA 3.0http://en.wikipedia.org/wiki/Taxation_in_the_United_States • Wikipedia."marginal tax rate."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20tax%20rate Free to share, print, make copies and changes. Get yours at www.boundless.com

  27. Taxes and Public Finance • Wikipedia."average tax rate."CC BY-SA 3.0http://en.wikipedia.org/wiki/average%20tax%20rate • Wikipedia."Regressive tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Regressive_tax • Wikipedia."Proportional tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Proportional_tax • Wikipedia."Progressive tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Progressive_tax • Wikipedia."Tax rate."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tax_rate • Wiktionary."elastic."CC BY-SA 3.0http://en.wiktionary.org/wiki/elastic • Wikipedia."inelastic."CC BY-SA 3.0http://en.wikipedia.org/wiki/inelastic • Wiktionary."tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/tax • Wikipedia."Excess burden of taxation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Excess_burden_of_taxation • Wikipedia."Tax incidence."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tax_incidence • Wiktionary."inelasticity."CC BY-SA 3.0http://en.wiktionary.org/wiki/inelasticity • Wiktionary."elasticity."CC BY-SA 3.0http://en.wiktionary.org/wiki/elasticity • Wikipedia."Tax incidence."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tax_incidence • Wiktionary."income tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/income_tax • Wikipedia."progressive tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/progressive%20tax • Wiktionary."equity."CC BY-SA 3.0http://en.wiktionary.org/wiki/equity • Wikipedia."Progressive tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Progressive_tax%23Effective_progression • Wikipedia."Equity (economics)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Equity_(economics) • Wiktionary."fiscal policy."CC BY-SA 3.0http://en.wiktionary.org/wiki/fiscal_policy Free to share, print, make copies and changes. Get yours at www.boundless.com

  28. Taxes and Public Finance • Wiktionary."balanced budget."CC BY-SA 3.0http://en.wiktionary.org/wiki/balanced_budget • Wikipedia."Tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tax • Wikipedia."Public finance."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_finance%23Financing_of_government_expenditures • Wiktionary."income tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/income_tax • Wiktionary."sales tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/sales_tax • Wiktionary."property tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/property_tax • Wikipedia."Taxation in the United States."CC BY-SA 3.0http://en.wikipedia.org/wiki/Taxation_in_the_United_States%23State_administrations • Wiktionary."corporate tax."CC BY-SA 3.0http://en.wiktionary.org/wiki/corporate_tax • Wiktionary."Social Security."CC BY-SA 3.0http://en.wiktionary.org/wiki/Social+Security • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//economics/definition/payroll-tax • Wikipedia."Corporate tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Corporate_tax • Wikipedia."Payroll tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Payroll_tax%23United_States Free to share, print, make copies and changes. Get yours at www.boundless.com

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