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Published byKelley Clark Modified over 9 years ago
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pp.137-156
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Child support
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The ability to pay
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Regressive
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Excise taxes
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Regressive
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Congress National defense Highways Wildlife refuges Welfare Foreign aid
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Proportional Taxes
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Progressive tax
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It must pass a vote in both the House and Senate and then be signed by the President.
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revenue
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Collect Income taxes Enforce tax laws
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Congress
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Earned income
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Ranges of income
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Deficit/shortage
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Flat taxes
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Regressive taxes
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Voluntary Compliance
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Internal Revenue Service
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Businesses Individuals
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Regressive
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dependent
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Evasion
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Proportional/flat
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Fine Imprisonment both
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Progressive taxes
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Audit
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1040A
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Tax rates increase as taxable income increases
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alimony
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Office
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Adjusted gross income
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Correspondence
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Field
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Filing status
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Single Married filing a joint return Married filing a separate return Head of Household Qualifying widow
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Each employer you had for the year
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Exemption
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spouse
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Salaries Wages Tips Taxes withheld
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1040EZ 1040A
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Wages Salary Tips
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Interest Dividends Alimony Unemployment Workers compensations Scholarships Grants
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Non-taxable income ◦ Child support ◦ Gifts ◦ Inheritances ◦ Life Insurance benefits ◦ Veterans benefits
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Gross Income
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Tax deduction is subtracted from adjusted gross income Tax credit is subtracted from what you owe
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Unearned income
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Itemized deductions
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Standard deduction
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Taxable income
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Tax credit
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April 15
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6 years
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Education Parks Roads Police, fire, health departments
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