Financial Basics — Lesson 401

A World Without Taxes

Students identify sources of state and local tax revenues.  They learn about the various tax forms used by the IRS.  Students then break into teams of four and debate the purpose and benefit of various types of taxes.

What Students Learn

  • What are taxes and the types of services they pay for
  • The importance of the IRS and April 15th
  • The importance of tax planning
  • The use of forms W2, W4, 1040 Schedule C, 1099

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity: 1 hour
Middle School Lesson Plan High School Lesson Plan

Sketch: Gus Greenback

Clips for this Lesson

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Young Entrepreneurs: Life Guards
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Young Entrepreneur: Glassblower
Sketch: Gus Greenback
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Sketch: Sasquatch’s Taxes
Public face is confused
BK Hosts: A World Without Taxes

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