This term means that a person's tax rate goes up as their income goes up.
What is "progressive tax?"
100
The two primary payroll taxes that people pay are Medicare and this tax.
What is Social Security?
100
This is the term for the total amount of money that the federal government owes.
What is the national debt?
100
He was the first president to authorize a national income tax.
Who is Abraham Lincoln?
100
This band's hit "Don't You Forget About Me" was featured in the movie "The Breakfast Club".
What is Simple Minds?
200
This terms applies to a situation when tax rates remain the same no matter what a person's income is.
What is "flat tax?"
200
These are taxes that the government takes from a person's money and possessions when they die.
What are "estate taxes"
200
This is the term that refers to the government paying out more money than it takes in.
What is "deficit spending?"
200
He was the last president to balance the federal budget.
Who is Bill Clinton?
200
This female singer had a smash hit with her 1983 song "Girls Just Want to Have Fun."
Who is Cyndi Lauper?
300
This terms applies to income taxes that are automatically taken off of an individual's paycheck. It is not "payroll taxes."
What is "withholding?"
300
This is a general term for the money that the government collects from things like tariffs on imported goods.
What are excise taxes?
300
The annual budget for the federal government covers this time frame, which runs from the beginning of October to the end of the following September.
What is the fiscal year?
300
He was the last president to pay off the national debt.
Who is Andrew Jackson?
300
This hard rock band featuring Bret Michaels, Rikki Rockett, Bobby Dall and C.C. DeVille had a hit song in 1998 with "Every Rose Has Its Thorn."
What is Poison?
400
Americans must file their income tax return by this date every year.
What is April 15th?
400
According to the original Constitution, the power to levy taxes rests with this branch of the federal government.
What is the legislative branch (or Congress)?
400
This term refers to benefit payments, which is money that goes directly to individuals through medical programs and social welfare programs
What is entitlements?
400
His picture is found on the two dollar bill (or Federal Reserve Note).
Who is Thomas Jefferson?
400
This 1982 Michael Jackson album is the biggest selling album of all time.
What is "Thriller?"
500
This 1913 amendment to the Constitution authorized the collection of income taxes by the federal government.
What is the Sixteenth Amendment?
500
These are taxes that the government collects on profits made in the stock market.
What are capital gains taxes?
500
This money paid out by the government consists of things like grants to state and local governments for various projects, as well as money for research.
What is discretionary spending?
500
This person is the current chair of the Federal Reserve Board.
Who is Janet Yellen?
500
Before her stint a one of the original judges on "American Idol," this former 80's singer had a string of hits associated with her 1989 album debut "Forever Your Girl."