Taxes & Spending

What can taxes not be used for as outlined in the U.S. Constitution?

• Social Security

• Debts

• Common Defense

• General Welfare of the U.S.

What type of tax must be the same in all states?

• Local

• Municipal

• Federal

• Progressive

What amendment was passed, and when did Congress have permission to place a gradual tax on income?

What are the 3 main tax structures?

When the tax paid increases as the income increases, what type of tax is it called?

• Progressive

• Regressive

• Federal

• Proportional

• When the tax is the same for all income levels, what is it called?

This tax helps fund the basic retirement program run by the federal government.

• Social Security Tax

• Property Tax

• Medicare Tax

• Sales Tax

It was founded in 1935 to provide retirement benefits.

Which of these is a tax placed on the total value of a deceased person's estate?

• Income Tax

• Progressive Tax

• Gift Tax

• Estate Tax

Name 3 examples of discretionary spending.