Ch 14 Questions: Claswork

What

Ch 14 Questions: Claswork

When

5/20/2010

Answer the following questions on page 67 of your notebook. Please answer in complete sentences. Use Chapter 14 to find the answers

1. Why do we have taxes?
2. How is the federal government limited when it comes to the power to tax?
3. What is the difference between a proportional and progressive tax?
4. How does a regressive tax hurt low income earners
 5. Explain and define the characteristics of a good tax. Why is it difficult to determine a good tax?
6. In a thinking map, define and explain where the Federal government receives most of its revenue.
7. According to the graph on page 371, what does federal government spend the most money on? Why?
8. What is the difference Medicare and Medicaid?