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100
A high tax designed to raise revenue while reducing consumption of a socially undesirable product. (tobacco, liquor)
What is sin tax
100
Federal Insurance Contributions Act tax
What is FICA
200
The matter of who actually pays the tax?
What is incidence of a tax
200
U.S. treasury Department in charge of collecting taxes today?
What is IRS
300
Exceptions or oversights in the tax law that allows some people and businesses to avoid paying taxes?
What is tax loopholes
300
The 2nd largest source of revenue for local governments is the?
What is Property tax
400
A general tax levied on most consumer purchases?
What is sales tax
400
The largest source of state revenue consist of?
What is intergovernmental revenue
500
A tax that imposes a higher percentage rate of taxation on higher incomes than on lower ones?
What is progressive tax
500
The tax on the transfer of property when a person dies?
What is Estate tax