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Lesson Plan for Teaching Eighth Graders about Taxes

 Mark-to-Market & Trader Taxes | Charles Schwab

Lesson Plan for Teaching Eighth Graders about Taxes

Objective:

  • Students will understand the basics of taxes, including why we pay taxes, different types of taxes, and how taxes are used to fund government services.

Materials:

  • Whiteboard and markers
  • Handouts on taxes (can be found in the resources listed below)
  • Computer and projector for videos and interactive activities

Introduction (10 minutes):

  • Ask students if they have ever heard of taxes and what they know about them.
  • Write down their responses on the whiteboard.
  • Explain that taxes are payments that individuals and businesses make to the government to fund public services like schools, roads, and healthcare.

Types of Taxes (20 minutes):

  • Explain the different types of taxes, such as income tax, sales tax, and property tax.
  • Show examples of each type of tax and how they are calculated.
  • Have students work in pairs to research and present on one type of tax.

Government Services (20 minutes):

  • Explain how taxes are used to fund government services.
  • Show examples of government services that are funded by taxes, such as police and fire departments, public schools, and libraries.
  • Have students work in groups to create a poster or presentation on a government service and how it is funded by taxes.

Interactive Activities (30 minutes):

  • Show videos or interactive activities that explain taxes in a fun and engaging way.
  • Have students complete a tax simulation game or worksheet to practice calculating taxes.

Conclusion (10 minutes):

  • Review the key concepts covered in the lesson.
  • Ask students to reflect on what they learned about taxes and how they are used to fund government services.

Resources:

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