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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 3 Lessons Learned

Unit 3 Lessons Learned

Q Introduction Students are expected to reflect on what they have learned about public budgeting and finance from their textbook each unit, including “take-aways” that will be useful in their future careers. Directions Students are expected to reflect on at least TWO lessons that they have learned from their readings in the textbook (Lee, Johnson, and Joyce) this unit and write 1-2 short paragraphs for each lesson learned. Comments should focus on the implications for public budgeting and finance based upon topics they have found especially relevant. 1) Add Title page and Reference page 2) Double-spaced, Times New Roman 12 font 3) Make sure to add citations and references formatted according to APA style. 4) DO NOT use direct quotes. Instead paraphrase and properly cite summarized information

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Unit three specifically revolves around the importance of the tax system in a country and how it should be applied to fund the projects properly and ensure that everyone is being taxed equally. Furthermore, the unit highlighted various tax systems applied worldwide and the different tax systems' pros and cons (Lee et al., 2013). One of the most important aspects the unit highlights is the use of different tax systems to fund social securities and projects that are specifically applied to make American lives better and provide everyone the necessary goods and services. Likewise, an important topic in the tax implication is the equity structure, how the tax should be applied based on the people's ability to pay it. If tax properly helps to attain the government's necessary funding to meet expenditures without affecting the lives.