AM 05 civics

AM 05 civics
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Storyboard Description

Taxes

Storyboard Text

  • This toy is only $3.99! I have $4.00. I can buy it!
  • Sadly, you cant buy it because of taxes. Taxes is money paid to a government.
  • Taxes support the economy by giving the government money to fund improvements that need to be made. Government spending's can benefit people by keeping our country safe because the government pays the military. 
  • A budget could help you in this situation. A budget is a plan or record of income and expenses. If you have $4.00, you should look at stuff that is less than $3.00 because of tax.
  • Their is a difference between the national budget and a personal budget. A personal budget is the income you make from your job and how you spend your money. A national budget is the financial plan for a countries budget. 
  • Thanks for teaching me about budget. Now I will look at toys that cost less because if tax.
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