Chp 14 vocab Flashcards
1
Q
A charge usually of money imposed by authority (government) on persons or property for public purposes (
A
Taxes
2
Q
Payroll, investments, capital gains
A
Income
3
Q
Real estate,
A
Property
4
Q
Sales, excise gas, sin tobacco alcohol, user fees
A
Goods, services
5
Q
Same percentage of taxation on everyone regardless of income ex sales tax
A
Proportional
6
Q
A tax which takes a larger percentage from those who earn a higher income
A
Progressive
7
Q
A tax that takes a larger percentage of income from lows income groups than from high income groups
A
Regressive
