Types of Tax
Ways to Pay Less Taxes
Things that Taxes Do
History of Taxes
100
Moves families father apart
What is a regressive tax?
100
The interest I paid on my mortgage makes me eligible for this
What is a tax deduction?
100
Affects consumer and business behavior in the market place
What is an incentive?
100
An initiative from the 70s that changed property tax in CA
What is Prop 13?
200
Moves families closer together
What is a progressive tax?
200
Parents who pay for child care may be eligible for this
What is a tax credit (child tax credit)?
200
Brings families closer together or father apart
What is redistribution? (What redistributes wealth up or down the income scale?)
200
President who created the Social Security tax
Who is President Roosevelt?
300
Makes things you buy cost more
What is sales tax?
300
Give money to SCOPE!
What is a tax deduction (charitable tax deduction)?
300
Schools, wars, roads...
What is the public sector?
300
Tax that funds public schools
What is property tax?
400
Looks really fair but has different impacts on our families
What is a flat tax?
400
Workers who make less than $49,000 a year may be eligible for this
What is tax credit (earned income tax credit)?
400
Maybe if you pay more for bad things, you'll stop doing it...
What is a "sin tax" (alcohol/tobacco)? Or what is a disincentive?
400
2/3rd vote
What are the votes needed to raise taxes in CA?
500
Is shared between employee and employee
What is social security tax?
500
Parents and college students may be eligible for this
What is a tax credit (American Opportunity Tax credit)?
500
Some people call this a "death" tax
What is an inheritance tax or estate tax?
500
94% rate
What is the highest marginal income rate ever?
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