1. U.S. Economic System
Type: Explanation
How does the U.S. get its money?
How does the U.S. govt. spend its money?
Individual Income Taxes
High
Medium
Low
President Obama’s Proposed Budget (2014):
Medicare = %
Military = %
Education = %
Etc.
Total revenue =
Total spending =
Corporate Income Taxes
Large
Small
Effective
What goods & services are paid for privately?
Examples, examples, examples, examples

2. Harrison’s Economic System
Type: Explanation
Trickle-Down economic theory because…
How does my govt. get its money?
How does Harrison’s govt. spend its money?
Individual Income Taxes
(lower than U.S. govt.)
High
Medium
Low
President Delfin’s Proposed Budget (2014):
Medicare = % (more than U.S. govt.)
Military = % (more than U.S. govt.)
Education = % (more than U.S. govt.)
Etc.
Total revenue =
(less than U.S. govt.)
Total spending =
(less than U.S. govt.)
Corporate Income Taxes (higher than U.S. govt.)
Large
Small
Effective?
What goods & services are paid for privately?
(more than U.S. govt.)
Examples, examples, examples, examples