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6 Cards in this Set
- Front
- Back
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Revenue
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collecting money from citizens and businesses in the form of taxes.
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Progressive taxes
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taxes that take a larger share of income as the amount of income grows.
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Regressive taxes
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taxes that take a smaller share of income as the amount of income grows.
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Proportional taxes
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flat taxes the rate stays the same, regardless of income.
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Tax brackets
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income ranges
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Tax evasion
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failur to pay taxes
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