What is the Federal Insurance Contributions Act (FICA) tax's connection to Social Security and Medicare, and what are the differences in how are individuals in the United States are taxed relative to their income? This video provides clear explanations for these questions, using graphs and sample situations to illustrate the main concept.

Concepts

medicare, healthcare, health insurance, social security, taxes, the federal budget, the united states economy

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Additional Tags

regressive tax, social studies

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Classroom Considerations

• This video is hosted on YouTube

Pros

• Clear and well-organized instructional video
• Identifies and explains concept of a regressive tax
• See forum of comments below video for interesting questions and dialogue

Cons

• None

Common Core

SL.9-10.5 SL.11-12.5 RH.11-12.7