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Sources of Government Revenue

Ashley Renee Jacqueline Kopper Megan

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1.tax on the value added added at every stage of the production process
5.a general tax levied on most consumer purchases
8.a tax on donations of mony or wealth and is paid by the person who makes the gift
10.the tax rate that applies to the next dollar of taxable income
13.a charge levied on goods brought in from other countries
17.a tax on the manufacture or sale of selected items
20.the tax levied on both employers and employee's to pay for Social Security and Medicare
22.additional tax above and beyond the base rate
23.a system that requires an employer to automatically deductincome taxes from an employee's paycheck and send it dirctly to the government
27.larger than normal depreciation charges
31.belief that taxes should be paid according to benefits received regardless of benefits
32.the final burden of the tax
33.the person who assigns value to property for tax purpose
34.imposes the same percentage rate of taxation on everyone
35.tax on wages and salaries to finance Social Security and medicare costs
2.the belief that people should be taxed according to their ability to pay
3.the summery statement attached to a paycheck that summerizes income
4.a relatively high tax designed to raise revenue and reduce consumption of a socially undesirable product such as liquor or tobacco
6.a proportional tax on individual income after a specified threshold has been reached
7.total taxable income divided by the total income
9.funds collected by one level of goverment that are distributed to anothe level of goevenment for expenditures
10.a federal health-care program available to all senior citizens
11.the tax on people's earnings
12.exceptions or oversights in the tax law that allows some people and businesses to avoid paying taxes
15.the branch of the US Treasury Dept. in charge of collecting taxes
16.a tax that imposes a higher percentage rate of taxation on persons with higher incomes
18.a reduction in business taxes that are tied to investment in new plants anf equipment
19.the personal income rate that applies whenever the amount of taxes paid falls below some designated level
21.the tax a corperation profitspays on its
24.charges levied for the use of a good or sevice
25.profits from the sale of an asset held for 12 months
26.a tax that imposes a higher percentage rate of taxation on low incomes than on high incomes
28.adjustment of tax brackets to offset the effectsof inflation
29.a tax on tagible and intangible posessions such as real estate
30.an annual report to the IRS summerizing total income

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