Financing the Government

A type of tax proportionate to income

• Estate Tax
• Regressive Tax
• Progressive Tax
• Payroll Tax

Tax that falls most heavily on those who are least able to pay.

• Estate Tax
• Regressive Tax
• Progressive Tax
• Payroll Tax

A tax imposed on nearly all employers and their employees, and on self-employed persons -- the amounts owed by employees withheld from their paychecks.

• Estate Tax
• Regressive Tax
• Progressive Tax
• Payroll Tax

Tax imposed on the assets of one who dies.

• Estate Tax
• Regressive Tax
• Progressive Tax
• Payroll Tax

A tax laid on the manufacture, sale or consumption of goods and/or the performance of services.

• Excise Tax
• Regressive Tax
• Progressive Tax
• Gift Tax

A tax on a gift by a living person.

• Excise Tax
• Regressive Tax
• Progressive Tax
• Gift Tax

Sometimes call tariffs, import duties, or imposts.

• Excise Tax
• Regressive Tax
• Progressive Tax
• Customs Duty

Spending that Congress and President have no power to change directly.

• Controllable Spending
• Uncontrollable Spending
• Surplus
• Deficit

An amount decide upon by Congress and the President to determine how much will be spent each year on many individual  government expenditures, including environmental protection programs, aid to education, and others.

• Controllable Spending
• Uncontrollable Spending
• Surplus
• Deficit

The yearly short fall between revenue and spending.

• Controllable Spending
• Uncontrollable Spending
• Surplus
• Deficit