Raising Money
This is the government's largest source of revenue
Individual income tax
These are a way to avoid paying higher taxes
Loopholes
Fiscal year
The U.S. unbalanced budget came about during this decade
1930s
This rate is the member banks' Federal Reserve System rate
Discount rate
The IRS uses these to double check some tax returns
Audits
These financial instruments include bonds, notes and certificates
Securities
These are expenditures required by law or resulting from previous commitments
Uncontrollables
The U.S. unbalanced budget is also known as this
Deficit
The Federal Reserve System's requirement for member banks is known as this
Reserve requirement
These are levied on goods imported into the United States
Customs duties
The accumulated money the government borrows and owes is know as this
National debt
Entitlement
This is how taxes and spending will change the economy
Fiscal policy
The Federal Reserve System's purchase of government securities is known as this
Open market operations
This is collected by the government when someone dies
Estate tax
The deadline for filing income tax returns is on this date
April 15
Social Security
This influences the direction of the economy by controlling the money flow
Monetary policy
This seven member group supervises the Federal Reserve System
Board of Governors
A tax based on the ability to pay is known as this
A progressive tax
The Tax Reform Act of 1986
Only this entity has the power to raise revenue and pass appropriations
Congress
This is the sum of all goods and services produced in the nation in a year
Gross National Product
This is how many districts make up the Federal Reserve System
12 districts