section 1
section 2
100
Whats a relatively high tax designed to raise revenue while reducing consumption of a socially undesirable product?
sin tax
100
whats an upward revision of the tax brackets to keep workers from paying more in taxes because of inflation?
indexing
200
whats the federal tax on peoples earnings?
Individual income tax
200
what does FICA stand for?
Federal Insurance Contributions
300
whats an exception or oversight in the tax law that allows some people and businesses to avoid paying taxes?
tax loopholes
300
whats a tax on the manufacture or sale of selected items?
excise tax
400
whats the benefit from government goods and services?
benefit principle of taxation
400
what kind of duty is a charge levied on goods brought into the US from other countries?
customs duty
500
what is the tax rate that applies to the next dollar of taxable income?
marginal tax rate
500
what kind of revenue funds collected by one level of government that are distributed to another level of government for expenditures?
intergovernmental revenue
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