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Taxation & Consumer Choices: Balancing Budgets and Desires

Explore the history of taxation in the United States and the impact on individuals' financial decisions. Discuss the pros and cons of taxation, considering its effects on different income levels. Dive into the sales tax rates of various states like California, Georgia, and Florida. Compare states with income tax versus those without, like North Carolina and Oregon. Delve into a wish list analysis, detailing the costs of items like Madden 2011, Slither, clothes, Mp3 players, and shoes, showcasing how taxation plays a role in purchasing power and budgeting decisions.

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Taxation & Consumer Choices: Balancing Budgets and Desires

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  1. Why Should I Pay? Math Projectby:willie.b,malik.f&David.s

  2. History of Taxation • The history of taxation in the United States started when it was composed of colonies ruled by the British , French and Spanish empire collected poll taxes tariffs and excise taxes.

  3. Agree or Disagree with taxation? • Disagree because some people are less fortunate than others and when you put taxation on them you make them in danger of losing something they need.

  4. California • 8.25% • Yes you have income tax.

  5. Georgia • 4% sales tax • Yes

  6. Florida • 6% sales tax • Have income tax of1.5%

  7. North Carolina • 5.75% sales tax • No

  8. Oregon • 0.0% sales tax • No

  9. Wish List • Madden 2011 • Slither • Clothes • Mp3 • Shoes

  10. “Wish list “ item 1 • Madden 2011 • Wal-Mart • $59.99 • 0% • $59.99 • I want it to play so I cant be bored.

  11. “Wish list” item 2 • Slither • Academy sports • $49.99 • 4% • $2 tax • Total cost-$51.99 • So I can have some to play with when I get bored.

  12. “Wish list” item 3 • Clothes • Mall • $59.97 • 6% • $4 • $63.97 • So I can have some clothes to wear.

  13. “Wish list” item 4 • Mp3 • Wal-Mart • $69.99 • 4% • $3 • So I can have a way to listen to music when I go on the road or travel.

  14. “Wish list” item 5 • Shoes (Nikes and Jordans) • Mall • $89.99 • 4% • $4 • So I CAN HAVE SHOES.

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