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17 Paying For Government


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17 Paying For Government

  1. 1. Paying for Government Analyze how the government pays for itself and its programs
  2. 2. Taxpayers and Free Enterprise <ul><li>Under free enterprise people have the freedom to decide how they will earn money </li></ul><ul><li>They have a right to earn a profit </li></ul><ul><li>To own property </li></ul><ul><li>People decide what goods to produce or services to offer </li></ul>
  3. 3. Taxpayers and Free Enterprise <ul><li>Government can not tell people how to earn or spend their money </li></ul>
  4. 4. Role of Government in Free enterprise <ul><li>The role of government is to referee the people and economy </li></ul><ul><li>It is involved in the economy in four ways </li></ul><ul><li>1. Government spends billions on entitlement programs </li></ul><ul><li>2. It controls foreign trade </li></ul><ul><li>3. It is one of the largest consumers in the economy </li></ul><ul><li>4. It protects consumers from bad business practices </li></ul>
  5. 5. How are our Taxes Spent? <ul><li>Millions are spent to meet the needs of the needy </li></ul><ul><li>Millions are also spent on highway construction, schools, police and fire protection, defense </li></ul>
  6. 6. Office of Management and Budget <ul><li>Helps the President plan the federal budget </li></ul><ul><li>They collect all of the propose budgets from the executive departments </li></ul><ul><li>Once the President puts the budget together he sends it to Congress for approval </li></ul>
  7. 7. Taxes for the Budget <ul><li>The government needs you to pay taxes </li></ul><ul><li>Paying taxes is the responsibility of every citizen </li></ul>
  8. 8. Working for a Balance Budget <ul><li>When the Government’s income is equal to its expenses the budget is balanced </li></ul><ul><li>When the government spends more then it collects in taxes this is called deficit spending </li></ul>
  9. 9. How are our Taxes Spent?