Money
Taxes
Welfare Programs
Government
Miscellaneous
100
The amount of funds collected between any two points in time
What is income
100
The government takes a greater share of the income of the rich than the poor-- for example, a rich family pays 50% of its income taxes, and a poor family pays 5%
What is progressive tax
100
Government benefits that certain qualified individuals are allowed to have by law, regardless of need
What is entitlement programs
100
The movement of people to another country with the intention of remaining there
What is immigration
100
The era which social welfare started
What is the new deal era
200
The value of assets owned
What is wealth
200
The government take the same share of income from everyone, rich and poor alike-- for example, a rich and poor family would both pay 20%
What is proportional tax
200
Government programs available only to individuals who qualify for them based on specific needs
What is means-tested programs
200
Created both the type of program for disabled, elderly, and unemployed along with assistance program for poor children
What is social security act of 1935
200
Difference between medicare and medicaid
Medicare cares for the elderly and medicaid aids the poor
300
The "shares" of the national income earned by various groups
What is income distribution
300
A tax in which the burden falls relatively more heavily on low-income groups than on wealthy taxpayers. The opposite of a progressive tax, in which tax rates increase as income increases
What is regressive tax
300
The official name of the welfare reform law of 1996
What is personal responsibility and work opportunity reconciliation act
300
Policies that provide benefits to individuals, either through entitlements or means testing
What is social welfare policies
300
Biggest tax percentage goes to this social welfare program
What is social security
400
A method used to count the number of poor people, it considers what a family must spend for an "austere" standard of living
What is poverty line
400
Type of tax the American tax system follows
What is progressive tax
400
Once called "Aid to families with dependent children". The new name for public assistance to needy families
What is temporary assistance for need families
400
The Reagan-era law which provided amnesty to many immigrants and toughened border controls
What is simpson-mazzoli act
400
Average sales tax rate in NC
What is 6.75-7.5%
500
The increasing concentration of poverty amount women, especially unmarried women and their children
What is feminization of poverty
500
A "negative income tax" that provides income to very poor individuals in lieu of charging them federal income tax
What is earned income tax credit
500
Benefits given by the government directly to individuals. Maybe either cash transfers, such as Social Security payments and retirement payments to former government employees, or in-kind transfers, such as food stamps and low-interest loans for college education
What is transfer payments
500
The "bank account" into which social security contributions "deposited" and used to pay out eligible recipients
What is social security trust fund
500
Poverty threshold amount for a family of 4
What is $23,850