Have the pupil note when it is cheaper to buy post-office orders. Compare rates with those of express companies. For orders not over $ 50.... Same as ex NOTE:- Single post-office orders exceeding $100 are not is sued. POSTAL RATES. Domestic Postal Cards 1 each. 1st Class (letters) 2 an oz. 2d Class (newspapers and other periodicals) 1 for 4 oz. 3d Class (printed matter) 1 for 2 oz. 4th Class (merchandise and photos) 1 per oz. Foreign These rates are to those countries subject to the Postal Union. 2d Class (newspapers and other periodicals) 1 per 2 oz. DIRECT TAXES. TALK: Every property holder usually pays taxes. In many places the adult male citizen pays a poll tax. These things combine to make at least some elementary knowledge of taxes, the way they are proportioned, levied, and collected, of practical value to those who in a few years will experience the duty of paying taxes themselves. Poll taxes are falling into disrepute, as they are not considered the most equitable. When we need money to cover the expenses of the town, city, county, or state government, a tax is levied on the property. The town, in many cases, also levies a tax on all the men in it who are 21 years old or over. The tax levied on property is called a property tax. The tax levied on persons is called a poll tax. This is sometimes called a capitation (by the head) tax. Sometimes a man's income is taxed. This is an income tax. After the amount of money to be raised by tax is decided upon, a man, called the assessor, examines each piece of taxable personal property and real estate, and places a value upon it. This is taken as a basis for proportioning the tax among the property owners. A tax collector is one who collects the taxes. He is sometimes paid a salary. Sometimes he gets only a percentage of the money he collects. The treasurer receives and takes care of the money collected by the tax collector. He is paid a salary. Some Uses for Taxes: 1. To pay for state government. 2. To pay for county government. 3. To pay for town or city government. Among these expenses are, 1. Building and repairing roads, bridges, etc. 2. Building and repairing public buildings; as schools, city halls, libraries, etc. 3. Paying the salaries or wages of public officers, teachers, etc. USE OF THE MILL. The denomination of our money system called the mill has practically its only use in the levy of taxes. When a tax is apportioned, it is usually found, that if a few mills are paid on each dollar's worth of property in the district, the aggregate amount is equal to the whole sum of tax needed. Consequently, you often hear of tax levies of so many mills on the dollar, as, 2 mills on the dollar, 5 mills on the dollar, etc. Assessors make use of a table like the one given here. This table is based on a tax levy of 9 mills on the dollar. The second column shows the tax at nine mills on the dollar, for values of $1 to $10. The fourth column shows the tax for values of $10 and multiples of ten, to $100. The sixth column TAX shows the tax for values of $100 and multiples of one hundred to $1,000. The last column shows the tax for values of $1,000 to $10,000. PROBLEM ON THE TABLE: Wayne's property is assessed at $18436. What is his tax at 9 mills on the dollar? SOLUTION: Inspection shows him to have twice $9000, and $436. Then, from the table: NOTE. Have the pupil make tables where the rate is 2, 3, 4, 5, 7, etc., mills on the dollar. Then let him work problems, using the tables made. Finding the Rate of Tax. Sometimes the rate is fixed by law or by vote of the citizens. More often the lump sum to be raised is named, and the assessor determines the rate. When the assessor is to determine the rate, he proceeds in this way: First, he assesses each piece of property, usually not at its full market value. Then he determines the total value of all the property in his district. Next, he divides the total tax to be raised by the total value of the property in his district. The result is the rate of tax on the dollar. PROBLEM: The town of Grant is to raise $4725 in tax. The property in the town has an assessed valuation of $395140. What is the rate? SOLUTION: If on $395140 a tax of $4725 is to be raised, on $1 as much tax must be raised as $395140 is contained times in $4725, which is .0119+, or about $.0119. This would be called $0.012, or 12 mills on the dollar. WORK: .0119+ 395140) 4725.0000 395140 773600 395140 3784600 3556260 228340 To the pupil : If the rate is made 12 mills here, and the tax is all collected, it will bring a little more than $4725. Why ? PROBLEM: In Akron, the valuation was $34,146,250. The tax to be raised was:-city, $560,340; county, $40240; state, $36120. There were 7809 polls taxed at $2. What should the rate be to allow a little overlay for incidental expense? Less 7809 polls @ $2.... Amount to be raised on city property.. 15618 $621082 |