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Obama’s New Tax for the Mega-Rich (16th September, 2011)U.S. President Barack Obama is thinking about creating a new tax for America’s super rich. This means anyone with an annual income of a million dollars or more. The plan is part of his ongoing efforts to reduce the country’s huge deficit. Details of the new tax have not yet been unveiled. White House insiders say apart from raising more money, the aim is to ensure top earners are not paying lower tax rates than middle earners. The idea for the new taxes came from billionaire investor Warren Buffett. Obama quoted from him in a speech he made in August, arguing that the nation’s richest individuals have been “coddled long enough by a billionaire-friendly Congress”. Obama will also end tax breaks for gas and oil companies. Warren Buffett outlined his proposals to put higher taxes on the rich in the New York Times. He wrote that the income tax he paid last year was $6,938,744, going on to say: “That sounds like a lot of money, but what I paid was only 17.4 per cent of my taxable income and that’s actually a lower percentage than was paid by any of the other 20 people in our office.” He highlighted how unfair the tax system was and how it favoured the mega-rich by saying that his middle-class employees had tax burdens ranging from 33 per cent to 41 per cent, with an average of 36 per cent.” Mr Buffett said there were too many tax loopholes, which meant the richest pay relatively less tax. Reports say the proposal is likely to be called the Buffett Rule.
WARM-UPS1. TAXES: Walk around the class and talk to other students about taxes. Change partners often. Sit with your first partner(s) and share your findings. 2. CHAT: In pairs / groups, decide which of these topics or words from the article are most interesting and which are most boring.
Have a chat about the topics you liked. Change topics and partners frequently. 3. TAXES: Fair or unfair? Complete this table with your partner(s). Change partners and share what you wrote. Change and share again.
4. TAX: Students A strongly believe taxes are good; Students B strongly believe otherwise. Change partners again and talk about your conversations. 5. MY TAX: What’s the best way to spend it? Rank these and share your rankings with your partner. Put the best at the top. Change partners and share your rankings again.
6. RICH: Spend one minute writing down all of the different words you associate with the word ‘rich’. Share your words with your partner(s) and talk about them. Together, put the words into different categories. BEFORE READING / LISTENING1. TRUE / FALSE: Read the headline. Guess if a-h below are true (T) or false (F).
2. SYNONYM MATCH: Match the following synonyms from the article.
3. PHRASE MATCH: (Sometimes more than one choice is possible.)
WHILE READING / LISTENINGGAP FILL: Put the words into the gaps in the text.
LISTENING Listen and fill in the gapsU.S. President Barack Obama is _________________________ a new tax for America’s super rich. This means anyone with an annual income of a million dollars or more. The plan is part _________________________ to reduce the country’s huge deficit. Details of the new tax have not yet been unveiled. White House _________________________ from raising more money, the aim is _________________________ are not paying lower tax rates than middle earners. The idea for the new taxes came from billionaire investor Warren Buffett. Obama _________________________ speech he made in August, arguing that the nation’s richest individuals have been “coddled long enough by a billionaire-friendly Congress”. Obama _________________________ for gas and oil companies. Warren Buffett _________________________ to put higher taxes on the rich in the New York Times. He wrote that the income tax he paid last year was $6,938,744, going on to say: “That _________________________ money, but what I paid was only 17.4 per cent of my taxable income and that’s _________________________ than was paid by any of the other 20 people in our office.” He highlighted how unfair the tax system was and how it favoured the mega-rich by saying that his _________________________ had tax burdens ranging from 33 per cent to 41 per cent, with an average of 36 per cent.” Mr Buffett said there were _________________________, which meant the richest pay relatively less tax. Reports _________________________ to be called the Buffett Rule.
AFTER READING / LISTENING1. WORD SEARCH: Look in your dictionary / computer to find collocates, other meanings, information, synonyms … for the words ‘income’ and ‘tax’.
2. ARTICLE QUESTIONS: Look back at the article and write down some questions you would like to ask the class about the text.
3. GAP FILL: In pairs / groups, compare your answers to this exercise. Check your answers. Talk about the words from the activity. Were they new, interesting, worth learning…? 4. VOCABULARY: Circle any words you do not understand. In groups, pool unknown words and use dictionaries to find their meanings. 5. TEST EACH OTHER: Look at the words below. With your partner, try to recall how they were used in the text:
STUDENT TAXES SURVEYWrite five GOOD questions about taxes in the table. Do this in pairs. Each student must write the questions on his / her own paper. When you have finished, interview other students. Write down their answers.
TAXES DISCUSSIONSTUDENT A’s QUESTIONS (Do not show these to student B)
----------------------------------------------------------------------------- STUDENT B’s QUESTIONS (Do not show these to student A)
LANGUAGE MULTIPLE CHOICEU.S. President Barack Obama is (1) ____ about creating a new tax for America’s super rich. This means anyone with an (2) ____ income of a million dollars or more. The plan is part of his ongoing efforts to reduce the country’s huge deficit. Details of the new tax have not yet been (3) ____. White House insiders say apart from raising more money, the aim is to ensure top (4) ____ are not paying lower tax rates than middle earners. The idea for the new taxes came from billionaire investor Warren Buffett. Obama quoted from him in a speech he made in August, arguing that the nation’s richest individuals have been “coddled (5) ____ enough by a billionaire-friendly Congress”. Obama will also end tax (6) ____ for gas and oil companies. Warren Buffett outlined his proposals to put higher taxes (7) ____ the rich in the New York Times. He wrote that the income tax he paid last year was $6,938,744, (8) ____ on to say: “That sounds like a lot of money, but what I paid was only 17.4 per cent of my (9) ____ income and that’s actually a lower percentage than was paid by any of the other 20 people in our office.” He highlighted (10) ____ unfair the tax system was and how it favoured the mega-rich by saying that his middle-class employees had tax burdens (11) ____ from 33 per cent to 41 per cent, with an average of 36 per cent.” Mr Buffett said there were too many tax loopholes, which meant the richest pay (12) ____ less tax. Reports say the proposal is likely to be called the Buffett Rule. Put the correct words from the table below in the above article.
WRITINGWrite about taxes for 10 minutes. Correct your partner’s paper. _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ HOMEWORK1. VOCABULARY EXTENSION: Choose several of the words from the text. Use a dictionary or Google’s search field (or another search engine) to build up more associations / collocations of each word. 2. INTERNET: Search the Internet and find out more about taxes. Share what you discover with your partner(s) in the next lesson. 3. TAXES: Make a poster about taxes. Show your work to your classmates in the next lesson. Did you all have similar things? 4. MEGA-RICH: Write a magazine article about taxing the mega-rich. Include imaginary interviews with people who are for and against it. Read what you wrote to your classmates in the next lesson. Write down any new words and expressions you hear from your partner(s). 5. LETTER: Write a letter to a mega-rich person. Ask him/her three questions about taxes. Give him/her three reasons why they should pay more tax. Read your letter to your partner(s) in your next lesson. Your partner(s) will answer your questions.
ANSWERSTRUE / FALSE:
SYNONYM MATCH:
PHRASE MATCH:
GAP FILL: Obama’s new tax for the mega-richU.S. President Barack Obama is thinking about (1) creating a new tax for America’s super rich. This means anyone with an (2) annual income of a million dollars or more. The plan is part of his ongoing efforts to reduce the country’s (3) huge deficit. Details of the new tax have not yet been unveiled. White House insiders say (4) apart from raising more money, the aim is to ensure top earners are not paying lower tax (5) rates than middle earners. The idea for the new taxes came from billionaire (6) investor Warren Buffett. Obama quoted from him in a speech he made in August, arguing that the nation’s richest individuals have been “coddled long (7) enough by a billionaire-friendly Congress”. Obama will also end tax (8) breaks for gas and oil companies. Warren Buffett outlined his (9) proposals to put higher taxes on the rich in the New York Times. He wrote that the income tax he paid last year was $6,938,744, going on to (10) say: “That sounds like a lot of money, but what I paid was only 17.4 per cent of my taxable (11) income and that’s actually a lower percentage than was paid by any of the other 20 people in our office.” He highlighted how (12) unfair the tax system was and how it favoured the mega-rich by saying that his middle-class employees had tax (13) burdens ranging from 33 per cent to 41 per cent, with an (14) average of 36 per cent.” Mr Buffett said there were too many tax (15) loopholes, which meant the richest pay relatively less tax. Reports say the proposal is (16) likely to be called the Buffett Rule. LANGUAGE WORK
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