Micro Unit 6.5 CW: Types of Taxes (Matching)
star
star
star
star
star
Posljednje ažuriranje about 1 year ago
4 questions
1
Tax
1
Tax
1
1
Tax
Tax
Tax
| Stavka koja se može prevući | arrow_right_alt | Odgovarajuća stavka |
|---|---|---|
intermediary collects the tax and then passes it on to the government | arrow_right_alt | tax incidence |
state and local taxation of the value of property; regressive; indirect= landlords, direct=homeowners | arrow_right_alt | average tax rate |
marginal tax rate (what you pay on your last dollar) | arrow_right_alt | marginal tax rate |
who actually bears the burden of paying tax | arrow_right_alt | tax bracket |
taxes covered by FICA; income for retirees, survivors, disabled; regressive; employers= indirect; employees= direct | arrow_right_alt | direct tax |
less money you earn, greater % of income you pay in taxes | arrow_right_alt | indirect tax |
collected from person who is being taxed | arrow_right_alt | ability to pay principle |
change in taxes/ change in income | arrow_right_alt | proportional tax (flat tax) |
all incomes taxed same % | arrow_right_alt | progressive tax |
total taxes/total income | arrow_right_alt | regressive tax |
death tax; federal tax on someone who has died; progressive; direct | arrow_right_alt | personal income tax |
tax paid by the consumer on a specific good (alcohol, tobacco, gasoline); regressive; indirect; benefit principle | arrow_right_alt | sales tax |
tax on income earned (wages, tips, earnings on savings); progressive; direct; based on ability to pay principle | arrow_right_alt | excise tax |
philosophy that taxation should be based upon one's ability to pay (rather than amount of benefit received) | arrow_right_alt | property tax |
federal tax paid by person who gives a large gift valued over $14,000; progressive; direct | arrow_right_alt | social security |
more money you earn, greater % of income you pay in taxes | arrow_right_alt | estate tax |
tax paid by the consumer on a specific good (alcohol, tobacco, gasoline); regressive; indirect; benefit principle | arrow_right_alt | gift tax |