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6 Cards in this Set
- Front
- Back
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Sin Tax |
A relatively high tax designed to raise revenue while reducing consumption of a socially undesirable product such as liquor or tobacco. |
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Distribution of Income |
The way in which income is allocated among facilities, individuals, or other groups. |
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Incidence of Tax |
The final burden of the tax. |
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Tax Loopholes |
Exceptions or oversights in the tax law that allow some people or business to avoid paying taxes. |
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Sales Tax |
A general tax levied on most consumer purchases. |
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Indiv |
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