Money Basics · Episode 07

What Are Taxes?

A village needs a bridge. Who pays for it? The story of how money comes together to build the world around us.

07Coming soon

Ages 5–12 · Made for Kids

What they’ll learn

Three things they’ll come away with.

  • That taxes are the way everyone contributes to a shared pot, and the pot pays for things one person couldn't buy alone.
  • What taxes pay for: schools, hospitals, roads, parks, fire engines, and a lot more.
  • That different people have different opinions about taxes, and that's a normal, healthy part of how communities work.

Talk about it

Open questions that work.

  • If you and 9 friends each put 1 coin in a pot, what could you buy together that you couldn't buy alone?
  • What's the most important thing taxes pay for, do you think?
  • What would the world look like if there were no taxes at all?

Try one thing this week

Pick one small thing.

Next time you get a shop receipt, look at the bottom together. Some receipts show a line for VAT; that's a tax that's already built into the price of (almost) everything you buy, even when it isn't printed separately. Make it a little hunt: see how many receipts you can spot it on this week.

That’s the series

You made it to the end of Money Basics.

Nice work. From here: