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Ready to "tax" your brain? Below are some scrambled key terms from this lesson. Unscramble each key term, and type your answer in the space provided. To assess your answers, click the Check My Answers button at the bottom of the page.
1) The concept that people in different income groups should pay different rates of taxes or different percentages of their incomes as taxes (2 words). (vtiitycaleerqu)
2) A tax that takes a larger percentage of income from high-income groups than from low-income groups is called a ________ tax. (pivressogre)
3) A tax that takes the same percentage of income from all income groups is a ________ tax. (pralotioporn)
4) A tax that takes a larger percentage of income from low-income groups than from high-income groups is a ________ tax. (ressivgree)
5) A tax on retail products based on a set percentage of retail cost is a ________ tax. (lesas)
6) A tax that cannot be shifted to others, such as the federal income tax is called a ________ tax. (redict)
7) Another term for a proportional tax is a ________ tax. (fatl)
8) Taxes on property, especially real estate, but also on boats, automobiles, recreational vehicles, and business inventories are called ________ taxes. (pperroty)
9) A tax that is paid directly by the consumer of a good, product or service is a ________ tax. (uers)
10) A tax on the sale or use of a specific products or transactions is an ________ tax. (eisexc)
11) A concept of tax fairness that states that people with different amounts of wealth or different amounts of income should pay tax at different rates (3 words). (abtytopayili)