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Fiscal and Monetary Policy
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Revenue Total money earned
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Taxation To charge a citizen for the support of their country
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Excise Tax Tax put on a particular good or service
Gasoline, cigarettes, alcohol
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Regressive Tax Tax where they take a larger percentage from those who have a lower income Tax on the poor
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Progressive Tax Tax that takes a larger percentage if they make more
Income tax
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Proportional Tax Tax that takes out the same percentage regardless of the amount of income Not currently in use
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