1. Tax Terms Define each Term and offer a specific example:
Payroll Tax
Estate Tax
Excise Tax
User Fee
Tariff/Duty
Progressive Tax
Regressive Tax
Value-Added Tax
(VAT)
9. Tax Deduction
10. Tax Incentive
Tax Rate
Tax Bracket
Proportional Tax
Sales Tax
Capital Gains Tax
Property Tax
Tax Credit
Conveyance Tax
Luxury Tax
Income Taxes
(Corporate and Personal)

2. 21.omnibus spending bill
22. Continuing Resolution (CR)
23. “Revenue neutral”
24. tax expenditure
fiscal policy
monetary policy
monetizing the debt
federal debt
federal deficit
sequestration
regular order
surtax
33. discretionary spending 34. entitlement 35. appropriation 36. Federal Reserve 37. M1 & M2 38. inflation 39. deflation 40. default 41. unfunded liabilities 42. budget surplus 43. balanced budget 44. tax expenditure 45. reconciliation