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The Economics of Taxation

16 March 2009

Use Chapter 9 in your economics book an fill in the puzzle with the correct defination.

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Across
1.a federal heath-care program avilable to all senior citizens
3.short for value added tax
5.tax that imposes a higher tax on people with higher incomes
7.tax that imposes the same percentage rate of taxation on everone
11.profits from the sale of an asset held for 12 months
12.a tax on tangible and intangible possessions such as real estate
13.a relavtively high tax designed to raise revenue and reduce consumption of a socially undiserable product
16.is a charge leived on goods brought in from other countries
18.additional tax above and beyond the base rate
Down
2.funds collected by one level of the gov. that are distributed to another level for expenditures
4.the total income divided by the total income
6.tax the government leives on the transfer of property when a person dies
8.exceptions or oversights in the tax laws that allow some people and businesses to avoid paying taxes
9.a general tax levied on most consumer purchases
10.taxes that are deducted from your paycheck
14.a proportional tax on individual income after a specified threshold has been reached
15.Short for Federal Insurance Contributions Act
17.short for Internal Revenue Service

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