How government is financed

Question 1

progressive taxes

Answer 1

the higher the persons income the higher the rate of taxation

Question 2

flat tax

Answer 2

everyone pays the same percentage

Question 3

regressive tax

Answer 3

lower income pay higher rates

Question 4

Proportional taxes

Answer 4

is an income tax system that requires the same percentage of income from all taxpayers, regardless of their income

Question 5

Income taxes

Answer 5

taxes on the money you earn

Question 6

excise taxes

Answer 6

taxes federal gov charges on certain items such as tobacco or alcohol ( regressive taxes)

Question 7

sales taxes

Answer 7

taxes are states and local gov charges on most consumer products.

Question 8

customers duties

Answer 8

known as tariffs , taxes on imported good