Which individual income tax system works best?
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Introduction
In this activity, students use a digital interactive to explore the impact of different income tax systems on the income received and tax paid by people on different incomes and how these systems affect government revenue. They use the interactive to create an income tax system they think is fairest and justify their choice.
Achievement standard
By the end of Year 10, students analyse how economic indicators influence Australian Government decision-making. They explain ways that government intervenes to improve economic performance and living standards. They explain processes that businesses use to manage the workforce and improve productivity. They explain the importance of Australia’s superannuation system and its effect on consumer and financial decision-making. Students analyse factors that influence major consumer and financial decisions, and explain the short- and long-term effects of these decisions.
Students develop and modify a range of questions to investigate an economic and business issue. They locate, select and analyse relevant and reliable information and data from a range of sources. They interpret and analyse information and data to evaluate trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts. They develop an evidence-based response to an economic and business issue. They evaluate a response, using appropriate criteria to decide on a course of action. Students use economic and business knowledge, concepts, and terms to develop descriptions, explanations and reasoned arguments that synthesise research findings.
Content descriptions
Economics and Business Knowledge and Understanding
The ways that government intervenes in the economy to improve economic performance and living standards within Australian society. (AC9HE10K02)
Economics and Business Skills
Interpret information and data, explaining economic and business issues, trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts. (AC9HE10S03)
Develop and evaluate a response to an economic and business issue, using cost-benefit analysis or criteria to decide on a course of action. (AC9HE10S04)
Create descriptions, explanations and arguments, using economic and business knowledge, concepts and terms that incorporate and acknowledge and research findings. (AC9HE10S05)
Teacher resources
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Income tax systems calculator
Income tax systems calculator
Student learning resources
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Which individual income tax system works best?
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Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group.
- As a class read the instructions on the worksheet.
- Open the interactive on a white board or screen and demonstrate income system 2 to students. If necessary, refer to the instructions on how to use the income tax systems calculator.
- Students complete part 1 of the worksheet.
- Use a grouping strategy to organise students into pairs.
- Pairs complete part 2 of the worksheet.
- Students present their decisions and justifications to the class.