Exploring State and Local Tax Rates (Financial Algebra 1.4)

Find out how your state stacks up in terms of tax rates. In this activity, students explore interactive data on state and local taxes. • Explore the national average state tax rates paid by income level, broken down into property taxes, sales taxes, and income taxes. • Look up your state and compare it to the national average. • Predict the number of states with no income tax • Analyze how tax structures compare for states with no income tax This activity is part of NGPF's free Financial Algebra course (Lesson FA-1.4). Data sources: • Institute on Taxation and Economic Policy (7th Edition) • The Federal Reserve

By NGPF _