Tax Revenue Is The Source Of Funding For Public Education

Gambling and the lottery is a tax on the poor. The Texas Tech University did research on the people who played the Texas Lottery and discovered that people with no high school diploma spent a monthly average of $179. They also did a study on what the average is on college graduates and the spend an average of $49 a month. As well as the Texas Tech study other studies show that people who live in lower income ZIP-codes spend more money on the lottery than anyone else. Gambling and the lottery is a tax

The United States has many conflicts, one of them is funding on public education. Despite the fact that funding on public education will not help students succeed academically with the money provided to the schools, every school deserves to get as much money because students will receive more proper education and will be more successful students in the future.

If the education system relies most of their funding from taxes, where do they end up getting the rest of the money. The government and administration grant more money to wealthier areas than low -income areas. Wealthier communities are granted more money because they have a higher percentage of funding coming from property taxes. This leaves the low-income students at a disadvantage. People living in low income areas mainly rent and don’t own their own property. As a result of not having a house or owning property, they have little property taxes. If low -income students are not given enough money for funding a school, the students are suffering. With the lack of money causes students to miss out on college prep classes such as AP classes and Honors classes. These classes are pivotal to the students that want to pursue higher education and a road to success. For example students in the low-income areas are given a poor education. They are not given the resources, or quality teachers in order to achieve success. According to George Miller House Education and the Workforce committee, many students are not educationally ready to graduate and attend higher education (Minority 1). This is another reason why low income students should be provided the same classes as a middle class or a wealthier community. In a study, 2 million students in 7,300 schools had no access to all calculus classes, a staple in many high – achieving high schools (Minority 2). Low-income

Other states lottery programs can be used as a blueprint to establish a lottery in the State of Alabama. As an example, the State of Oregon takes the lottery’s revenue and distributes it into four groups. These fours groups are “Public Education”, which receives 57%, 27% is given to the “Economic Development [and] Job Creation”, “Problem gambling treatment” receives the least, at a total of 1%, the last 15% is evenly divided into two groups of 7.5% which goes to both

The Texas Lottery negatively impacts the people that play the lottery and the programs that are supposed to benefit from the proceeds. Because of the big dream of winning, the lottery has taken a toll on Texans. “People believe that the Texas Lottery is their only chance to strike it rich” (Buckland, 2010). There is not near enough money going towards the Texas Education

     The government does not fully provide funding for each school district since public schools are funded through property taxes (“Public”, 1). Therefore, the amount of money for

To what extent is the lottery beneficial to the North Carolina education system? What is a lottery? A lottery is used to raise money for the government and for people to win big money prizes. The North Carolina Education Lottery is a government-run organization that funds various education programs and school systems in North Carolina. If one hundred percent of lottery money went to education, it would only cover nineteen percent of the state’s total expenses for schools. The lottery is not beneficial to education in North Carolina if schools struggle to gain instructional supplies, and if the government has to cut spending for school funding levels to barely make it over the national average.

In her essay “Against the Odds, and Against the Common Good,” Gloria Jimenez asserts that states should not promote and advertize gambling. Jimenez lists many clever lottery slogans that are deceivingly interpreted. She also argues that these slogans advertise the advantages of gambling and playing the lottery because the money supposedly goes to things such as education and social service. Jimenez explains some arguments in favor of state-run lotteries, such as free participation and the creation of jobs, but argues that they are not relevant to the problem. She briefly touches on a statistic claiming that low income individuals are more likely to spend money on lottery tickets than their opposite, higher income

There are two basic forms of taxation within the United States: progressive, where the effective tax rate increases as wealth or income increases, and regressive in which the effective tax rate goes up as wealth or income decreases.

According to Singers(August 24,2017), ITEP’S (July, 2017), (July, 2017),(August 2011), and(December 2011), higher sales and gas tax in Connecticut have consequences and a solution proposed to reduce tax burden on low income family. Based on the readings and my understanding of this topic, I conclude that increasing sales and gas taxes in Connecticut to fix a budget crisis will be financially harmful to low income families and needs to be address with the new policy. Singer(August 24,2017), pointed out that, Connecticut legislators are deciding to increase the sales tax from its current level to 6.85 percent to fix a budget deficit, estimated to reach $3.5 billion in two years and improve state aid to towns. Based on Tax Foundation studies,

To support her side of the argument and to answer these counterarguments Jimenez share a few statistics. She tells us that the New York Times reported in 2002, that the state-run lotteries brought in a revenue of $20 billion dollars, and that this is only 4% of the states income. She also tells us about one study in a report from the Institute for Philosophy and Public Policy that shows people who earned $10,000 a year bought almost three times as many lottery tickets than those who made $50,000 or more a year. This shows us that more poor people buy lotto tickets, so more poor people are paying the taxes that benefit education and social services.

How has the property tax changed over time for local governments? What are the advantages and disadvantages of the property tax as a revenue source? In response to these questions, make sure to refer to the main principles of taxation (equity, efficiency, adequacy of revenue, political feasibility, and cost of administration), tax and expenditure limitations, as well as the importance of revenue diversification for local government.

Cory Turner of National Public Radio, writer of Why America’s Schools Have A Money Problem, has the answer; “…45 percent local money, 45 percent from the state and 10 percent federal…why is it that one Chicago-area district has $9,794 to spend on each of its students, while another, nearby district has three times that? Two words: property tax,” (Turner 2). The authors of Equity Is the Key to Better School Funding, Marin Gjaja, J. Puckett, and Matt Ryder, say, “Giving kids in high-poverty areas an equal opportunity to succeed requires spending more money on those students,” suggesting that in those low-income areas, local and state government regulations alone and predominately will not be beneficial (Gjaja, Puckett, and Ryder 1). Property taxes when associated with funding for education are insufficient in low income areas, and in return are insufficient for the school. Leaving local and state governments with the responsibility of fulfilling a majority of education costs is a concept we should correct. Turner also mentions that one Arizona school has four-day weeks to save money from electricity bills, as a result of poor rates of property taxes. Budget cuts also contribute to the impairment of districts with lower property taxes and lower income families, an implied point from Michael Leachman’s article, Most States have Cut School Funding, and Some

Progressive- A progressive tax fluctuates depending on the income of a person. So individuals who make more money pay a larger percentage of their income in taxes compared to someone who makes less money and only has to pay a lesser percentage. There are five different levels of tax rates for different ranges of incomes. The tax burden is greater for wealthier individuals compared to poorer individuals.

The two primary components of government revenue sources are taxes and borrowing money. Most governments operate in two modes by using both monetary policy and fiscal policy to help stabilize the ecomony as well as achieve certain economic goals. In the U.S. the Federal Reserve, known as “the Fed”, is a governmental agency in which their most important task is to regulate the nation’s money supply (Miller p. 331). Monetary policy consists of deliberate changes in the money supply to influence interest rates and thus influencing spending in the economy. Key factors that the Fed uses to influence the price and quantity money will be explored along with the reasons why people desire to possess it. Money is the medium that is primarilly used for the exchange of goods and services.