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ECON 8.1 - 8.4

Full Name:
Period:
Horizontales
Taxes levied on imported goods.
The percentage of income paid in taxes remains the same at all income levels.
Based on the real estate and other properties.
Based on the individuals income.
Fee on the sale of goods and services in many states and is usually regressive.
A person's gross income minus exemptions and deductions.
Verticales
An estimate of future revenues and expenses.
Social welfare programs that people have rights to benefit from certain social programs they have paid into.
Land and any permanent structure on the land to which a person has legal title.
When the percentage of income paid in taxes is increased as income increases.
Movable possessions or assets such as jewelry, furniture, boats, etc.
An amount that you can subtract from the total amount of your income tax.
Payments taken from income before personally receiving it.
The income received by a government from taxes and other nontax sources.