US Taxes
Other Taxes
Tax Principles
Tax Math
Hodge Podge
100
Name the six percentages use in the United States tax brackets.
What are 10%, 15%, 25%, 28%, 33%, and 35%.
100
The most common tax that every citizen pays is this.
What is a sales tax?
100
We pay taxes to do this.
What is pay for the government?
100
When making $50,000, how much in taxes are you going to pay?
What is $12,500?
100
Name the form you fill out when you begin working to report your tax bracket.
What is W4?
200
Most people believe that the US tax system is this.
What is complicated?
200
Name the tax that people must pay when they invest money.
What is capital gains tax?
200
This principle says that if you benefit from government services and goods you should have to pay.
What is the benefit principle of taxation?
200
What is your net income making $100,000?
What is $72,000?
200
Name the person that said this, "In this world nothing can be said to be certain, except death and taxes.”
Who is Ben Franklin?
300
Name the biggest reason why US tax law is so complex.
What is the number of pages to the tax code?
300
This tax requires that you pay money to the government when you inherit money.
What is the Estate Tax or Death tax?
300
Adam Smith gives these three reasons to a "good" tax.
What are simple rules, no loopholes, and no negative incentives?
300
Stan gross income is 60,000 and his wife makes 80,000. What is their net income as a family?
What is $102,600?
300
Name the type of tax the "Fair Tax" is.
What is a regressive tax or sales tax?
400
Name the two other taxes that are placed on your income in the US.
What are Social Security and Medicare?
400
In Maryland three teachers just won the lottery. They must pay what tax to the government.
What is the Gift Tax?
400
There are three tax systems, name them.
What are progressive, proportional, and regressive tax systems?
400
What is the % number collected for Social Security?
What is 6.2%?
400
Name the country that has no taxes.
What is United Arab Emiates?
500
This reduce the tax rates in the last several years.
What is the Tax Reform in 2003?
500
This tax is used in Europe and requires that value be added to each stage of the manufacturing level.
What is The Value Add Tax?
500
Most countries use what kind of tax systems.
What are progressive and proportional?
500
GE made $6 billion dollars. How much taxes should they have paid?
What is $210 million dollars?
500
You pay a tax on gas and liquor. Name what that tax is called.
What is excise tax?
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