VOCAB
Tax on all purchases made by consumers
Sales Tax
Taxes collected by towns/cities on a person's land/house
Property taxes
Joe Biden's largest increase in the upcoming budget is?
Education
A plan for spending
Budget
Women fought for this Amendment to give them the right to vote
19th Amendment
Tax on all revenue collected by citizens.
Income Tax
When the government spends more money than it brings in
Deficit
Income Security
lending money to the government in exchange for a small fee, which is called
Interest
This amendment banned the use of poll taxes in elections.
24th
Excise Tax
a basic retirement program run by the federal government, where part of your paycheck is put into this account.
Social Security
The last day to file your taxes
April 15th
True or False: “Balancing the budget” means the government borrows more money than it spends.
citizens who are 18 years of age or older cannot be denied the right to vote on account of age, what Amendment
26
Tax on citizens who cease to exists
Estate tax
When Congress and the president are deciding how to budget the nation’s money, there are some things they must spend money on.
mandatory spending
National Defense is the _____ largest budgeted item in 2021
4th
bringing in more money than it spends
surplus
________ outlawed voting practices used to discriminate mainly against Black citizens, like literacy tests and voter intimidation
Voting Rights Act
Spending that Congress decides on each year.
Discretionary spending
An additional type of spending that impacts federal spending, helps to fund gaps in the budget.
Supplemental Appropriations
In 2011, how much of the federal spending was mandatory spending?
56%
The U.S. spent a total of _______ in 2021
6.82 Trillion
This state and or territory gave women the right to vote prior to the 19th Amendment
Territory of Wyoming2