Question of the Day: What were the top three expenses the government paid for with our tax dollars in 2019?
Keep your classroom up-to-the-minute with our Daily Blog Blast! Get one email each morning with: Question of the Day plus Math Monday, Interactive Wednesday, EdPuzzle Thursday, FinCap Friday, EconExtra, Weekend Reading, and many other timely and engaging resources. PLUS don't forget to create your FREE NGPF Teacher Account to unlock Answer Keys, Teacher Toolkit, Gift Cards, and Swag.
Answer: Health, Military, and Interest on Debt
Questions:
- Are you surprised by the top 3 categories the Federal government spends taxpayer money on? Explain.
- How would you adjust the spending allocation across these categories (if at all)? Why?
- What top three items do you think the government will spend tax dollars on in ten years? How much per item? Why?
Behind the numbers (National Priorities Project):
"Our federal income taxes pay for everything from the military to education, from federal prisons to cancer research. There are other federal taxes you probably pay, too – like social security and Medicare taxes. But only income taxes are included in the tax dollar."
To view the average $ amount of taxes paid in each state, click the link here.
-----------------------
Taxes on the mind? Check out NGPF's Taxes unit page which is full of ideas to engage your students!
-----------------------
Want to attend NGPF Professional Developments and earn Academy Credits on your own time? Check out NGPF On-Demand modules!
About the Author
Mason Butts
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
SEARCH FOR CONTENT
Subscribe to the blog
Get Question of the Day, FinCap Friday, and the latest updates from NGPF in your inbox by subscribing today: