Tax Collection

Today, May 9th, in Classtopia, Tax Collection began. There were 18 Classtopians who were able to pay their taxes. Others were not. They were given a deadline which will May 15th to pay.

Most Classtopian that paid today gave their money to the Communication Dept to put on their favorite entries. Others gave their money to the Book Department to put on their favorite book.

Tax Payers waiting in line to pay taxes to Communication Dept.

Those Classtopians who do not pay taxes by the dead line will need to do hours of community service. They may have to pick up trash around the school, the garden, or the classroom and miss recess. That would not be fun.

Classtopians, do not forget to pay your taxes by May 15th.

Classtopians who do not pay taxes.

                                   

Saving For The Future

Saving For the Future

                                                                                                                                                                                                                                     

This is Classtopia’s I.R.S. department teaching you about saving money. Saving is important because the more money you saved now will result in having more money in the future. Think about it, you have 10 bucks when you are 10 years old and you keep putting one dollar in you piggy bank each day until you are 20 years old that is $3650. That is a lot of money just because you saved your money for 10 years. You can save money from Christmas, your birthday, and from your allowance.

Another reason saving is important is because it is not just getting money and going out to spend it is about holding on to your money until you think you have enough. One way you can save your money is by opening a bank account and depositing your money in. You can also save all of your money inside of a piggy bank.  

Think about how you spend your money.

Really save your money. Remember the more money you save the more money you will have, and the more you spend the more you will lose money.

So, Classtopians, get your pennies, nickels, dimes, quarters, and dollars and start putting them away. A little today is a lot tomorrow.

This is Laila starting to save her money in a bag.

I.R.S. Department

We are Classtopia’s tax compliance department. In other words, we are the equivalent of the I.R.S.  We enforce tax payment from the citizens of Classtopia. We are a group of three, Aiden, head of dept., Lalia the accountant, and Jesse, corresponding secretary. We work together to make sure that all taxes are collected.

Our department was created on October 7th, 2016. As citizens we use coasianism to make decisions. This means we “spent” to see who will be the head of each department. For the I.R.S., there were four candidates presented, Aiden won. The I.R.S. is like a real job with all the responsibilities.

What do we do?  In Classtopia we spend instead of voting to elect people to new jobs. Our job is to keep track of all the transactions. When people spend and do not get their preferred option, they are compensated. They have to pay taxes on the amount they were compensated. We send a letter to the citizens to inform them how much they owe. We must keep track of who pays their taxes because we don’t want some Classtopians getting away without paying their fair share.

The I.R.S department is a real job for us three fourth graders. When taxes are collected all other departments are happy. Citizens can choose to which department they allocate their taxes. Our economist friend,The, calls this pragmatarianism.

We are the I.R.S. and we are here to serve all Classtopians.

This is the form we use to spend and letter to pay taxes..