18 Flashcards
Policies that providebenefits- CASH or IN-KIND, to individuals, based on EITHER ENTITLEMENT or means testing
social welfare policies
gov programs PROVIDING BENEFITS ONLY TO INDIVIDUALS who qualify based on specific needs
means-tested programs
the way the national income is divided into “shares” ranging from the poor to the rich
income distribution
a perceptionby an individual that he or she IS NOT DOING WELL ECONOMICALLY IN COMPARIOSN
relative deprivation
the amount of money collected between any two points in time.
income
the value of asserts owned
wealth
income threshold below which people are considered poor, BASED ON WHAT A FAMILY MUST SPEND FOR AN “ASUSTERE” standard of living
poverty line
the increasing concentration of poverty among WOMEN, especially unmarried
feminization of poverty
tax by which the gov takes a GREATER SHARE OF THE INCOME OF THE RICH THAN OF THE POOR
Progressive tax
tax by which the government takes the SAME SHARE OF INCOME FROM EVERYONE
proportional tax
tax in which the burden falls relatively more heavily on LOW-INCOME GROUPS THAN ON WEALTHY TAXPAYERS
regressive tax
the earned income tax credit, or the EITC, is a refundable federal income tax credit for LOW -TO-MODERATE INCOME WORKING individuals and families
earned income tax credit
benefits given by the government. EITHER CASH TRANSFERS SUCH AS SOCIAL SECURITY.
transfer payments
created both on SCOIAL SECURITY program and a NATIONAL ASSISTANCE program for poor families. “AID TO FAMILIES”
social security act of 1935
the welfare reform law of 1996, implemented the TEMPOARY ASSISTANCE FOR NEEDY FAMILIES
personal responsibility AND WORK OPPURTUNITY RECONCILLATION ACT
