Taxation

A Progressive tax is when:

Taxes on goods that are imported into the US from other countries.

Medicare is an example of

Tax only applied to certain items like alcohol and cigarettes.

The Office of Management and Budget (OMB)

The US's largest expenditure

Takes a percentage of your earnings and puts it into a retirement system

spending choices made and approved each year. Can differ from year to year.

An entitlement program that provides health services for the poor

Coupons that can be used to buy food for people whose income falls below a certain level.

The Social Security Act of 1935 created

The Congressional Budget Office (CBO)

Military spending is an example of

Schools and fire services are often funded by these taxes paid on land

Tax you pay when you buy something

When everyone is taxed at the same rate

Local governments rely heavily on this tax to raise funds

Largest expense for local government

Which chamber of Congress writes the appropriation bills that approve the gov't spending money?

Tax the government collects when a person dies

set by laws outside the budget process and are fixed year-to-year

The OMB

The largest source of state income is

The Office of Management and Budget (OMB)

If you are buying a $10 pair of headphones, and the sales tax is 10%, how much do you pay total

States typically receive intergovernmental funds from

Most US revenue comes from

A Progressive tax is when: