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SSEMA3 VOCAB

WORD LIST:
A government policy aimed at slowing our economy by raising taxes and decreasing government spending.
This is the economic term that refers to one's total income that is left following the payment of all required taxes.
This is a tax on production, transportation, sale or consumption of a certain good or service.
A government policy aimed at growing our economy by lowering taxes and increasing government spending.
The government program of spending and taxation to promote desired economic goals for the nation
This is a tax levied on net personal or business income
The control of the money supply that is determined by The Federal Reserve
These are withholdings from employees' wages paid to the federal, state, or local governments
A tax where the percentage paid in tax increases as the level of income rises
This is a type of taxation that takes the same percentage of one's income regardless of how much or how little one makes.
This is a type of taxation that takes a higher percentage of one's salary as one's income decreases
This is the total amount of money that is brought into a company or government by its business activities or taxation policies
This is a tax on goods and services, a percentage of the retail price.
Levied by the county for the purpose of funding the building and maintenance of parks, schools, roads, and other public facilities.
A payment made by the government to someone who does not produce a good or service in return.