Term
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Definition
| A tax that takes a larger percentage of income from low-income groups than from high-income groups. |
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Term
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Definition
| A tax that takes a larger percentage of income from high-income groups than from low-income groups. |
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Term
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Definition
| Another term for a proportional tax |
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Term
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Definition
| Taxes on property, especially real estate, but also can be on boats, automobilies, recreational vehicles and business inventories. |
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Term
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Definition
| Taxes on retail products and are based on a set percentage of retail cost. |
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Term
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Definition
| Taxes on the sale or use of specific products-some oare luxury taxes on large expensive items such as boats or cars. |
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Term
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Definition
| Taxes on income, both earned (wages) and unearned (interest, dividends) |
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Term
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Definition
| Taxes paid by employers and employee to finance specife programs, such as Social Security and Medicare |
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Term
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Definition
| Someone who relies on someone else for support. |
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Term
Filing Status for federal
a.
b.
c.
d. |
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Definition
single
Married/filing jointly
Married/filing separately
Head of Household |
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Term
Federal Income Tax forms
a.
b.
c. |
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Definition
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Term
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Definition
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Term
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Definition
single
married filing jointly |
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Term
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Definition
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Term
| What are two ways taxes are used? |
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Definition
Answer may vary
hiways, roads, schools, government employees |
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Term
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Definition
| application for Social Security number |
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Term
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Definition
| The form that employees receive that shows their wages and withholding |
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Term
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Definition
| The form for employee witholding |
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Term
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Definition
| On your own you report income, do the math and send in tax form. |
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Term
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Definition
| With this tax the higher income persons pay more |
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Term
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Definition
| With this tax the lower income persons pay more |
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Term
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Definition
| The income tax was put in place to support this war |
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Term
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Definition
| Put in place a system of income taxation |
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Term
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Definition
| This tax has the same percentage for everyone |
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Term
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Definition
| money is taken from each paycheck |
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Term
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Definition
| money is taken from each paycheck |
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Term
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Definition
| money is taken from each paycheck |
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Term
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Definition
| Tax paid directly-cannot be shifted to another |
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Term
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Definition
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Term
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Definition
| The federal agency that collects income taxes in the United States |
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