g overnment r evenue and s pending. w hat are taxes ? taxes are the way that the government makes...

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GOVERNMENT REVENUE AND SPENDING

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Page 1: G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go

GOVERNMENT REVENUE AND SPENDING

Page 2: G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go

WHAT ARE TAXES? Taxes are the way that the government

makes money. There are different kinds of taxes and they go

to different government. The most common are:

Sales Tax State Income Tax Federal Income Tax Property Tax Special Item Taxes

Gas Cigarettes Etc.

Page 3: G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go

GA GOVERNMENT TAXES (REVENUE)

GA gets it’s money from the following sources Income Taxes: 50% Sales Taxes: 40% Gas Taxes: 4% Other: 6%

Page 4: G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go

GA GOVERNMENT SPENDING

GA spends its money on its citizens in the following ways: Education 54% Human Services 23% Safety 8% Paying off debt 5% Transportation 5% Other 5%

Page 5: G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go

LOCAL GOVERNMENT REVENUE

Local Government gets their money from Property taxes

Real Property (land) Personal Property (cars)

Fees Local Option Sales Tax