Taxes

Front

The primary way countries make money is through: taxation, foreign aid, tourism, exports

Back

taxation

Front

True or False: All taxes are paid happily by citizens.

Back

False

Front

The types of taxes mentioned in the U.S. are: Income tax, Sales tax, Property tax, Value-added tax, Inheritance tax, Wealth tax, Carbon tax, Toll tax, Entertainment tax, Luxury tax, Sin tax, Capital gains tax

Back

Income tax, Sales tax, Property tax

Front

What is applied to anything that is sold in the U.S.?

Back

Sales Tax

Front

Why is sales tax considered discriminatory?

Back

Because it disproportionately affects lower-income individuals

Front

Excise taxes are placed on items in the economy that are considered non-essentials. Items such as ________.

Back

Items such as a candy bar and soda, jewelry, and a new car.

Front

What is the primary substance found in the cigarettes shown in the image?

Back

Tobacco

Front

Which of the following is a national tax?
Options: Sales tax, Property tax, Income tax, None of the above

Back

Income tax

Front

Fill in the blank: State taxes include _______ and property taxes.

Back

sales tax

Front

How are taxes often used in the economy?

Back

To regulate the economy