Taxes - How Does The Government Spend Money?

- K-12 Education = $9,232
- Public Welfare = $6,758
- Health & Hospitals = $4,939
- Higher Education = $4,527
- Governmental Administration = $1,940
- Highways = $2,765
- Housing, Community Development, Sewerage, Solid Waste = $2,684
- Natural Resources,
Parks & Recreation = $1,604
- Interest on General Debt = $1,844
- Correction = $1,355
- Police & Fire Protection = $2,169
- Other = $4,544
- Total = $44,360


Most of the goverment's money goes out to help us such as aid for police and fire department.

Saving and Debt

People now days can't save too much money because of the fact that the credit cards have a high interest percentage rate. When you make a late payment in a credit card bill, you will be charged more than you were suppose to pay, therefore the interest rates comes and puts the price higher, and at the end, it's more expensive. That's why most Americans don't get to save anything in an account since they have to pay an interest rate for the credit cards and they get in big debts sometimes, that could even mess up the credit, besides of the fact that when you pay late, your credit score goes lower and then you won't be able to qualify in buying expensive houses or cars.
In other word people spend more then they save but what I think people should do is save a little every night like in a cookie jar.

How Does Goverment Make Money

Explain the different types of taxes Americans pay. How does the federal government get money? How about the state government? And how do local (city) governments get money? Make a chart and track all of the different ways Americans are taxed. Hint - there is more than one!

The different types of taxes we pay are: Direct Taxes on income from work, Indirect taxes on income from work, Taxes on income from capital, Taxes on property, Corporate taxation and Taxes on goods and services. Check the chart on how we pay these taxes here or here <--click Open when new window appears
The State Government, Federal Government and Local Goverment gets money by the taxes we pay. These taxes are called Direct Taxes that are taxes payable on income from work, taxes on income related to work (such as sickness benefits, pensions and parental benefits) and basic pension contributions.

Student Loans - Beware

For some students a student loan can help them with there learning needs The colleges are expensive to study in now in days, and that's one of the reasons why some people don't even apply for one. Some other people that do apply, take student loans and financial aid, in order to study and pay after they get their degrees. This culinary schools takes out so many student loans because some of them have programs really expensive, up to $48,000 for 2 years and some people that apply to these colleges don't come from wealthy families, but some others do. In my opinion this large student loans should be applicable to these people that know they will make a living after studying in college. I think in my life time woudnt take out a loan it too expanse.

Podcast Review

In an other podcast review i'm going to review Lissett Gisela's they podcast had mosty everything that it asked for it defines the GDP and also explain's how its figured and also the trade deficit that it goes through with the exports and the imports. Also the podcast is loud and is very east to listen to it's clear. The images are a little bit of the topic but at some point they came together with their subject.

Compound Interest and the rule of 72

When people talk about Compound Interest they are referring to the amount of money made solely through interest. Compound Interest is just the formal way of saying "making interest off your interest."
The Rule of 72 is an equation (72/x) used for compound interest. It allows a consumer to calculate the amount of time it takes to double their money, based on the annual interest. Likewise, it allows consumers to determine the required annual interest rate in order to double their money in a specified amount of time

Critique of Federal Reserve Podcast

I'm going to review Gisella and Lissette podcast there content on the federal reverse it discusses the importance of what it is and its structure it also explains it history and its main parts and also talks about its main themes. The recording itself is very clear and its very understandable to hear. The images in other hand are i little off it content of recording and could be better. the creative part of this podcast is interesting its has it images and its funny part that they sort of messed up on. If i haven't done a lesson on the federal reverse and just go in and listen to this podcast i would have learned some stuff and some interesting facts on Gisella 's and Lissette's podcast.

Inside Trading Gone Wrong

The traders were caught the fraud occured because one of the traders was in debt with the other one. So they both agreed that one of the traders would tell him information about the stocks. So the other trader will know when to buy or sell the stocks. One of the traders was sharing information so that's illegal. They communicated by codes and to trade the money they went to hiding spots. They made a lot of money because they knew what to do and when the stocks were going to go up or down and when they could sell there stocks so they won't lose money. They shared information about the stocks that the way they made lots of money and they did different trades that will win them a lot of money. So they will be facing court for fraud.

Global Markets

Opportunity Cost's

When economists talk about opportunity costs they are talking about the sacrifice a person is making when making a decision. This can be illustrated when looking at the stock market. For every stock a person buys, the amount of money they have to spend on other stocks decreases.

Opportunity costs are the things a person gives up when making a decision. This opportunity cost can be, but is not limited to monetary values. For every decision a person makes, there is alternative decision (opportunity costs). For example, if a high school has $10,000 to spend however they choose, and they decide to spend it on textbooks for AP classes, the opportunity cost would be not being able to spend the money on other items for the school. Another example would be a person decorating their bedroom. Let's say there is a lovely view of the lake through the window and the decorator decides to put a chair next to the window, the opportunity cost would be not being able to put the bed next to the window and see the view when they're going to sleep. An example of oppportunity cost in my life would be getting a job. If I get a job, I will have to work the majority of the work week adn weekend. My opportunity cost would be not being able to stay in the Dance Company and not being able to join the Outdoor Track team.

Traditional economies: are in which people do their own thing that they survive on what they make. For example if you plant vegetables and you eat that. Traditional economy is the same as your past for example your grandparents. You still could find traditional economies in South America, Asia, and Africa. Basically traditional economies are passed down by tradition and they chose to live that way.
Centrally Planned (Command) Economy: The centrally planned economy is basically run by the government and the government decides everything on what to do. No other person could make a decision to run any kind of business. The government decides what goods they could sell and produce. And the government sell the goods and the services.
Market Economy: The U.S. runs on the market economy. A market economic system is one in which a nation's economic decisions are the result of individual decisions by buyers and sellers in the marketplace. An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy. Market economy depends on you because you could open a business and if the consumers look for your product you have a chance to succeed if the consumer doesn’t like your product you will run out of business.
Mixed Economy: A mixed economy is when a country has communism and socialism. No countries have only one because every country has a mixed economy, with some free enterprise and some government ownership.
Communism: is when the government operates and controls all of the nations productions. Communism is a system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
Socialism: is when the government owns everything from banks to airplane companies. And everyone contributes to the economy. If the government owns and operates many of the nation's major industries-such as banks, airlines, railroads, and power plants-but allows individuals to own other businesses, including stores, farms, and factories, that nation's economic system is called socialism.

Initial Investment Plan For The Stock Market Game

The first thing that I would to find information about the stock market is search around for big compaines that dont change that much and for little companies that have the ability of going high up in the market. Such as Yahoo and Google and little companies such as banks and other small business