Standard 2: Taxes

Standard 2. The student will identify and describe the impact of local, state, and federal taxes upon income and standard of living.

  1. Identify and explain types of taxes (e.g., personal income, sales, and property taxes) and explain the reasons for taxation at the local, state, and federal levels (e.g., roads, water/sanitation services, social services, schools, and law enforcement).
  2. Explain the importance of meeting tax obligations and describe possible consequences of failing to meet those obligations (e.g., fees, penalties, interest, garnishment of wages, and imprisonment).

Online Curriculum and Lesson Plans

Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now

  • Module 2.1: Somebody Has to Pay
  • Module 2.3: Voluntary Compliance

It Just Adds Up lessons | view now

  • Lesson 19 – Income Taxes
  • Lesson 24 - Taxes Provide Public Goods and Services

Understanding Taxes | view now

Lessons on Taxes | view now

Council for Economic Education Lessons

  • Old MacDonald to Uncle Sam
    Lesson 4 – Uncle Sam’s Checkbook | view now
  • Financial Fitness for Life, Bringing Home the Gold, 9-12, Teacher Guide:
    Theme 2, Lesson 7 – Uncle Sam Takes a Bite
  • Financial Fitness for Life, Shaping Up Your Financial Future, 6-8, Teacher Guide: Theme 5, Lesson 17 – What Taxes Affect You?

Online Resources

  • Tax Information for Students | view now
  • Fact Sheet: Taxes - History of the U.S. Tax System | view now
  • Fact Sheets: Taxes - State and Local Taxes | view now
  • U.S. Government Uses Tax Policy to Shape Economy | view now
  • Financial Literacy in Action: Taxes | view now
  • 13 Basic Tax Lessons | view now

Expanded Activities

  • Taxes: Where Does Your Money Go? | Thirteen Ed Online
  • Math Lessons: Are Taxes Normal? | view now
  • Tax Time Scavenger Hunt - EconEdLink | View now
  • New York Times Newspaper Lesson - Can't Live With 'Em, Can't Live Without 'Em
    Understanding the Role of Taxes in Society | view now