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Related Flashcards
Related Topics
Cards In This Set
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Taxes collected based on the value of property you own
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Property Taxes
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Taxes collected based on the value of items you purchase
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Sales Taxes
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Collected based on the amount of taxable income you earn
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Income Taxes
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Earnings that are taxable
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Taxable Income
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Money you must pay to the government
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Tax
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Federal company that collects taxes
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Internal Revenue Service (IRS)
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Unmarried taxpayers
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Single
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Married people who file one tax return together
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Married Filing Jointly
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Widow who meets the qualifications of the IRS
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Qualifying Widow
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Married people who file two seperate returns
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Married Filing Seperately
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A special filing status for certain unmarried taxpayers who support people as well as themselves
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Head of Household
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A proportional Tax
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Flat Tax
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Tax that does not depend on the cost of the item you purchase
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Proportional Tax
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The percent you are taxed on a tax schedule
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Tax Bracket
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Tax schedule where the tax rate decreases as the income increases
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Regressive Tax Schedule
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