This document gives the federal government the ability to levy taxes on citizens.
What is the U.S. Constitution?
100
The official due date to file individual income tax returns.
What is April 15?
100
The idea that citizens should be taxed according to their wealth or income.
What is the ability to pay principle?
100
Property taxes are usually used for this - where children go to learn.
What are schools?
100
The amount of income you receive before taxes.
What is gross income?
200
These are four guiding principles of taxation from Adam Smith, father of modern economics.
What is equity, certainty, convenience, and efficiency?
200
The reason is to discourage people to use products such as alcohol and cigarettes.
What is reason for excise taxes?
200
The idea that those who benefit from a particular government program should pay for it.
What is the benefits-received principle?
200
According to the short film from We The Economy that we saw in class, which three government programs does most of our income tax go to?
What is social security, military and veterans, and medicare/medicaid?
200
The government agency that is responsible for collecting and maintaining taxes in the US.
What is the Internal Revenue Service?
300
The Internal Revenue Service is usually referred to as these initials.
What do the initials I R S stand for?
300
Collected on goods and services and used for infrastructure, education and other community programs
What is sales tax?
300
Individual income tax is this kind of tax structure because tax increases as income increases.
What is a progressive tax?
300
These taxes pay for the use and maintenance of parks, roads or public places.
What are user fees and tolls?
300
Chicago gangster convicted of tax evasion in the 1930s.
Who is Al Capone?
400
Taxes can be levied only for the country's common defence and general welfare; and federal taxes must be the same in every state.
What are limitations that the Constitution sets on raising taxes?
400
Two main taxes that employers pay a portion of for their employees.
What social security tax and medicare tax?
400
This tax is an example of an individual income proportional tax that is used in some countries in Europe. Some people in the U.S. would like to see this kind of tax in the U.S.
What is a flat tax?
400
This tax provides for the elderly after they retire from working.
What is social security tax?
400
The Supreme Court justice who said, "Taxation is the price we pay for civilization."
Who is Oliver Wendell Holmes, Jr.?
500
The U.S. government rules for taxes.
What is the tax code?
500
W2 and W4
What two forms are needed when filing individual income taxes?
500
This tax structure takes a smaller share of income as income increases.
What is a regressive tax?
500
This tax is paid by employers to assist workers who lose their jobs.
What is unemployment tax?
500
The rallying cry for colonial discontent prior to the American Revolution concerning taxes? Must be exact wording.