Government Departments
Cabinet-level agency in charge of foreign policy & international affairs.
What is the State Department?
Collects, borrows, spends, and coins money
What is the Treasury Department?
Cabinet-level agency in charge of the armed forces and military policy.
What is the Department of Defense?
A tax for which the percentage of income paid in taxes increases as income increases
What is a Prigressive Tax?
all the money borrowed by the federal government over the years and still outstanding
Federal Debt
Federal department responsible for enforcing federal laws (includes FBI, Civil Rights Division, Antitrust Division, Drug Enforcement Administration...)
What is the Department of Justice?
the federal department that administers programs that provide services to farmers (including research and soil conservation and efforts to stabilize the farming economy)
What is the Department of Agriculture?
Deals with working conditions, wages of U.S. workers.
What is the Department of Labor?
A tax whereby people with lower incomes pay a higher fraction of their income than people with higher incomes.
Regressive Tax
The amount the government borrowa to supplement the tax revenue and match spending.
Federal deficit
Federal department responsible for enforcing federal laws (includes FBI, Civil Rights Division, Antitrust Division, Drug Enforcement Administration...)
What is the Deparment of the Interior?
Manages the nations highways, railroads, airlines, and sea traffic
What is the Department of Transportation?
Provides funding for low income schools (Title 1), admisters college aid programs and student loans, makes rules for special education, and collects data on US Education.
What is the Deparment of Education?
tax on wages and salaries to finance Social Security and Medicare costs
Payroll taxes
A tax on a sale of merchandise or services
Sales Tax
Cabinet department created after the 9/11 terrorist attacks to coordinate domestic security efforts.
What is department of Homeland Security?
Directs services for armed forces veterans
What is department of Veterans Affairs?
The federal department responsible for maintaining a national energy policy of the United States.
What is the Department of Energy?
A tax on people's earnings, makes up largest share of the federal revunue
Income Tax
A tax on imported goods.
What is a tariff?
The United States federal department that administers federal programs dealing with public housing, home loans for underserved populations, enforces fair housing laws, and urban renewal.
What is the Department of Housing and Urban Development?
Supervises trade, promotes U.S. business and tourism.
What is the Deparment of Commerce?
Head of the Justice Department.
The Attorney General.
A system in which the all taxpayers pay the same percentage for their entire income.
What is a Flat Tax?
a tax on the production or sale of a good, often on tobacco and alchohol known as "sin taxes"
Excise Tax