EPF Unit 2.2

1. an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests

• Labor Union

• Political Party
• Non-Profit Organization
• Corporation

a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, etc

• Duel bargaining

• Individual bargaining
• Collective bargaining

• Indirect bargaining

refers to the power of the government to take private property and convert it into public use

• Governmental Right

• Land Power

• Public Domain
• Eminent Domain

The legal right of the owner of intellectual property

• Trademark

• Copyright

• Patent
• Intellectual Right

a tax rate that increases as taxable income increases

• Progressive tax
• Regressive tax
• Reduction tax

• Indirect tax

a type of tax that is assessed regardless of income, in which low- and high-income earners pay the same dollar amount

• Progressive tax
• Regressive tax
• Penalty tax

• Poll tax

an indirect tax imposed on the production, sale, or consumption of a specific good or service

• Capital Gains Tax

• Income Tax
• Property Tax
• Excise Tax

payments made by individuals and corporations to a government based on their taxable income

• Income Taxes

• Loans Taxes

• Dividend Taxes

• Interest Taxes

spending includes spending for entitlement programs and certain other payments to people, businesses, and governments

• Discretionary Spending

• Taxable Spending

• Mandatory Spending

• Registered Spending

federal spending that must be appropriated by Congress every year - government chooses to spend money on like Military, Interstates, etc

• Discretionary Spending
• Mandatory Spending
• Entitlement Spending
• Net Interest Spending