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10 Cards in this Set
- Front
- Back
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Tax |
A required payment to a local state or national government |
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Revenue |
Income received by a government from taxes and non tax sources |
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Tax base |
Income property good or article that is subject to a tax |
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Individual income tax |
A tax on a persons earnings |
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Individual income tax |
A tax on a persons earnings |
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Sales tax |
A tax on the dollar value of a good or service being sold |
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Property tax |
A tax on the value of a property |
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Corporate income tax |
A tax on the value of a company's profits |
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Progressive tax |
A tax for which the percentage of income paid in taxes increases as income increases |
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Regressive tax |
A tax for which the percentage of income paid in taxes decreases as income increases |
