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Chapter 6 Paying Taxes Vocabulary Check Form

Chapter 6 Paying Taxes Vocabulary Check Form

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let's talk about another type of government intervention into a free market and that is taxes so if we think about a tax there are several different types of taxes some of them are or what we would call a per unit tax some of them are a percentage tax so you may be used to thinking about say a sales tax where you have to pay two percent more so it's a percentage of the total amount of stuff that you've bought you would pay what we're going to think about is a per unit tax so this would be a tax of say $1 every time you buy something or a tax of five dollars every time you buy something so for every unit you pay five dollars tax and and the way these taxes work very similar to the way a percentage tax works so we're going to go with the simplest one so let's start by thinking about kind of a hypothetical scenario let's suppose that you've gone down to a car lot and you've picked out a used car that you're go

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