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Step 1: Spin the wheel on page 5 of the lesson and fill in the blank with that information Career: Yearly Income: Step 2: Calculate
Step 1: Spin the wheel on page 5 of the lesson and fill in the blank with that information Career: Yearly Income: Step 2: Calculate the Flat Tax ( Yearly Income from Step 1 ) x 15% ( or .15 ) = Step 3: Calculate the Regressive Tax Mark X for the row that Proposed Regressive Plan How much will you pay in matches your yearly income Regressive Tax ( Yearly Income x from step 1 the percent in column 2) 40%% tax on income up to $25,000 30% tax on income between $25,000 and $34,000 25%% tax on income between $34,000 and $44,000 20% tax on income between $44,000 and $80,000 10% tax on income over $80,000 Step 4: Calculate the Progressive Tax Mark X for the row that Proposed Progressive Plan How much will you pay in matches your yearly income Regressive Tax ( Yearly Income x from step 1 the percent in column 2) 10%% tax on income up to $25,000 20%% tax on income between $25,000 and $34,000 25%% tax on income between $34,000 and $44,000 30% tax on income between $44,000 and $80,000 40% tax on income over $80,000
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