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Financial and Economic Literacy

Taxes unveiled

Through these activities, you can recognize and improve the following skills:
  • Understand basic terminology and symbols related to money;
  • Judge what to use your money for;
  • Outline the purpose of taxation.

Following the learning activities which target the above skills will lead to your gaining of Taxes unveiled badge.

How the holder of this badge worked on these skills can be seen in the evidence in the badge tasks. Adult educators have assessed the completed tasks.

This badge is part of the EntreComp Framework, the European Entrepreneurial Competence framework to improve the entrepreneurial capacity of European citizens and organisations.

The holder of this badge has worked in collaboration with a supporter.
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Once you are an owner or you earn money, you are subjected to taxes, a word that fills us with thrills. Taxes differ from country to country; moreover, other factors are taken into consideration when they are established (like age, amount of earnings, number of properties etc). Get more inspiration and information from the clip here under.

Serious matters might look a burden, but you can change that if you put them in a funny perspective. Let’s practice this.

What do you think is the real meaning behind these jokes about taxes?

1. Always snatch and eat one third of your child’s chocolate or ice cream. Let them cry, doesn’t matter. This will prepare them to pay income tax when they grow up.
2. Apparently if you don't pay your taxes the government will give you free housing, free food and a roommate.
3. Nothing is certain in life except death and taxes.
4. I believe we should all pay our tax with a smile.
I tried – but they wanted cash. –
5. If you think nobody cares if you’re alive, try not paying your taxes.



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#Understand economic and financial concepts

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