14.1
A general tax on most consumer purchases
Sales Tax
What does the government spend the most on?
Income Security
There are 5 states without sales tax, name one of them
Alaska, Delaware, Montana, New Hampshire, Oregon
Who was the Principal before Mrs. Doucette
Dr. Ortiz
The federal tax on individuals earnings
Income Tax
12 month financial planning period. The Governments is from October 1 - September 30
Fiscal Year
There are 7 states without income tax, name one of them
Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming
Which teacher sometimes runs 14 miles to school?
Rotatori
What has happened to income taxes since WWII (Bonus: Who was the president that did the biggest change?)
Decrease (Reagan 70%-28%)
What are the 2 highest pieces of revenue in the budget
Borrowing and income taxes
___________ governments have largely taken over the primary responsibility for HIGHER EDUCATION (colleges and universities)
State
Ms. Bond
Describe a Flat Tax rate
Same rate for everyone
Tax on the transfer of property when a person dies. Range from 18-40% of total value
Estate Tax
_______________ governments are responsible for the elementary and secondary education
Local or City
This teacher used to work at SHS, left, then came back this year
Ms Carbonneau
A tax that imposes a higher percentage of taxation on higher incomes
Progressive/Marginal Tax Rate
Tax on the manufacture or sale of items like gasoline and liquor
Excise tax
Tax on tangible and intangible possessions
Property Taxes
Which teacher used to teach people at correctional facilities before coming to SHS
Mr. Germain