Embedded Files
Chapter 27 - We Are All Taxpayers
Chapter 27 - We Are All Taxpayers
Key Terms
public goods and services
public sector
income tax
excise tax
sales tax
payroll tax
property tax
estate tax
gift tax
user fee
income redistribution
protective tariff
revenue tariff
sin tax
school tax
benefits-received principle
ability-to-pay principle
deduction
progressive tax
taxable income
self-employment tax
proportional tax
regressive tax
loophole
indirect tax
direct tax
Chapter 28 -Government Spending and Budgeting
Chapter 28 -Government Spending and Budgeting
Key Terms
federal budget
budget process
fiscal year
mandatory spending
discretionary spending
entitlements
longevity
environmental property
social problem
receipts
expenditures
balanced budget
deficit budget
national debt
surplus budget
income security
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