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Sales Tax History: A Brief Overview and Importance in Today's Economy

This text explores the history of sales tax, dating back to the Civil War era, and its significance in funding various sectors today. It emphasizes the role of taxes in supporting essential services and infrastructure. The student discusses why sales tax is necessary despite its negative reputation, highlighting its contributions to society. Graphs show the distribution of costs and percentages for different items, illustrating the impact of sales tax in modern transactions.

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Sales Tax History: A Brief Overview and Importance in Today's Economy

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  1. Bankingsalestax.. MikaylaTyler Objective: 8.3a Students will solve applications Problems involving percents….

  2. Salestaxhistory. • Taxes have been around for many years. It all started in 1861 when congress passed the revenue act during the civil war. The taxes helped pay for the war’s expenses. Today sales taxes are used for paying transportation, construction, school, war supplies, and many more. Taxes are a good economic system for the united states. Without taxes we would not be able to afford all of the things listed above. • I think we need sales tax, because without it we would have trouble paying for things that we need. Most people hate taxes but if you think about it taxes helps us in many ways. Did you know that sales tax help pay for the internet? Without the internet we would not be able to do many of the things that we do now.

  3. Excel chart!

  4. Shopping items Graph • The ipad cost more and had a greater percentage then any other item. • Ipod was the second greatest cost. It had the second higher percentage. Circle Graph Comparasions

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