taxes

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Words: 225
Pages: 1
Subject: Uncategorized

Part 1: Using the History of Taxes Chart:

What were the maximum tax rates when the US entered World War 1, the first stock market crash, when the Great Depression began, when the US entered World War 2, and in 2018?
Using the debt clock, what is the current US National Debt rounded to the hundreds of millions, what is the largest Budget Item, what is the current Student Loan debt rounded to the hundreds of millions, what is the current combined credit card debt for all citizens, and what is the total US debt per citizen?
Based on this information, are future taxes likely to increase or decrease? Justify your stance with at least two current news articles.
Part 2: Talk about the impact of federal, state, and local taxes with your parents. Share and comment on the results of your conversation in approximately 250 words.
https://classroom.pemlife.org/pem/#/TAXHIST/screen/taxhist1
https://usdebtclock.org

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