Section 1
Section 2
100
A relatively high tax designed to raise revenue while reducing consumption of a socially undesirable product
sin tax
100
branch of US Treasury Department in charge of collecting taxes
IRS
200
The final burden of tax
incidence of tax
200
a tax deducted from paycheck, such as FICA
payroll taxes
300
exceptions or oversights in tax law that allow some people or businesses to avoid paying taxes
tax loopholes
300
tax a corporation pays on its profits
corporate income tax
400
general tax levied on most consumer purchases
sales tax
400
a charge on goods brought into the United States from abroad
Customs Duty
500
those who benefit should pay in proportion to what they recieve
benefit principle
500
funds collected by one level of the government that are distributed to another level
Intergovernmental revenue
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