Taxes
Business
Employement
100
taxing mechanism in which the taxing authority charges more taxes as the income of the taxpayer increases.
What is Progressive tax
100
General rise in prices
What is Inflation
100
what are the 4 types of unemployment
Frictional Seasonal Structural Cyclical
200
a tax that is applied uniformly. This means that it hits lower-income individuals harder.
What is Regressive Tax
200
a cycle or series of cycles of economic expansion and contraction
What is the Business cycle
200
all the members of a particular organization or population who are able to work, viewed collectively
What is Labor force
300
taxing mechanism in which the taxing authority charges the same rate of tax from each taxpayer, irrespective of income
What is Proportional Tax
300
inflation caused by an increase in prices of inputs like labor, raw material, etc.
What is Cost-Push Inflation
300
the condition in which virtually all who are able and willing to work are employed
What is Full Employment
400
Fair Stable Simple
what is 3 criteria for a "good" tax
400
the total value of goods produced and services provided in a country during one year
What is Gross Domestic Product
400
Ability to Pay Principle
taxes should be levied according a taxpayer's ability to pay
500
Benefits & Pensions National Health Service Education
What is the Top 3 ways Government Collects Taxes
500
income received by a government from taxes and nontax sources
What is Revenue
500
Benefits Received
A theory of income tax fairness that says people should pay taxes based on the benefits they receive from the government
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