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section 1
sectuib 2
100
What is the tax designed to revenue?
sin tax
100
What is the name of the branch of the us treasury department that collects taxes?
IRS
200
What is the federal health care program for senior citizens?
Medicare
200
What is the tax levied on employers to support Medicare?
FICA
300
What is the tax rate that applies to the next dollar of taxable income?
marginal tax rate
300
What is the tax on imported products?
customs duty
400
What is the belief that taxes should be paid according to benefits regardless income?
benefit principle of taxation
400
What are the funds that one level of government receives from another level of government?
intergovernmental revenue
500
What is the final burden of a tax?
incidence of a tax
500
What is the tax paid by the donor on transfer of money?
gift tax