Taxes
A tax collected based on a taxpayers taxable income.
What is Income Taxes?
Unmarried taxpayers category.
What is Single?
A tax that is the same percentage or rate for everyone (sales tax, for example).
What is a Flat Tax?
The organization who works directly with tax payers to collect taxes on behalf of the United States government.
What is the Internal Revenue Service (IRS)?
Who tax money comes from.
Who is Taxpayers?
Married people who fill out ONE tax return together.
What is Married Filing Jointly?
Free Points
Whoop Whoop
An actual person who illegally "got around" taxes.
Who is Al Capone, Martha Stewart, et cetera?
The money you are legally required to pay the government for it's services.
What is Tax?
Married people who file two separate tax returns.
What is Married Filing Separately?
A tax that INCREASES as income increases.
What is a Progressive Tax?
Big equations composed of many equations that we mathematically utilize to calculate income taxes (and many other things such as phone bills).
What are Piecewise Functions?
A tax collected based on the value of the property that you own.
What is Property Tax?
A special filing status for certain unmarried taxpayers who support people in addition to supporting themselves.
What is Head of Household?
A chart that shows which tax percent goes with what income level.
What is a Tax Bracket or Tax Schedule?
Illegally "getting around" taxes.
What is Tax Evasion?
Your income after deductions and pre-tax monies have been taken out.
What is Taxable Income?
A widow or widower filing taxes that meets certain qualifications outlined by the IRS.
What is a Qualifying Widow(er)?
A tax that DECREASES as income increases.
What is Regressive Tax?
Legally "getting around" taxes.
What is Tax Avoidance?