Paycheck sticker shock. Anyone whoís ever received a first paycheck remembers that feeling.
Taxes take a bite out of earnings. But itís more than just income taxes, unemployment, and other payroll taxes. People often forget that taxes are everywhere! The phone bill, the gas pump, an airline ticket, things we buy...taxes, taxes, taxes!
Learn more about taxes, from the ancient Egyptians and Greeks to Europeís VAT tax. Find out where some of that money goes!
Where Did My Money Go? covers numerous educational standards across several subject areas including Social Studies, Economics and Mathematics for grades 8-12. To find which standards it covers specific to your grade, subject area, and which standards your district follows, use our Standards Alignment tool.
The video makes this concept very easy for my students to understand.
Connie Frank All - 5 Homeschool, Stockbridge, GA
One student said it was "mind blowing."
Arthur Evans Economics - 12 Christian Academy of Western New York, N Tonawanda, NY
Young students,especially in high school often time do not understand how and why they get taxed on the money they earn. This video breaks it down in easy to understand segments.
Noureddine Lalami Business/Voc/Tech - 9,10,11,12 Freedom High School, Oakley, CA
This video was so enlightening for my students. Those that work are so distressed upon getting their first paycheck, and finding out what is deducted in taxes. I've had students quit their job when they received their check and decided that the employer had "Cheated them out of all of their pay"! This video explained in simple language about their taxes and "Where did their money go?"
Phyllis Wright All - 8 S. H. Rider High School , Wichita Falls, TX