ap government chapter 18 social security
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Created by:
rjones040 on December 10, 2010
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AP Government edwards 14 edition vocab
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17 terms
Terms | Definitions |
|---|---|
 social welfare policies | Policies that provide benefits to individuals, either through entitlements or means testing. |
| entitlement programs | Government benefits that certain qualified individuals are entitles to by law, regardless of need |
| means tested programs | Government programs available only to individuals below a poverty line |
| income distribution | The "shares" of the national income earned by various groups. |
| income | The amount of funds collected between any two points in time. |
| wealth | The value of assets owned |
| poverty line | A method used to count the number of poor people, it considers what a family must spend for an "austere" standard of living |
| feminization of poverty | The increasing concentration of poverty among women, especially unmarried women and their children |
| progressive tax | A tax by which the government takes a greater share of the income of the rich than the poor |
| proportional tax | A tax by which the government takes the same share of income from everyone. rich and poor alike |
| regressive tax | A tax in which the burden falls relatively more heavily upon low income groups than upon wealthy taxpayers |
| earned income tax credit | a "negative income tax" that provides income to very poor individuals in lieu of charging them federal income taxes |
| transfer payments | Benefits given by the government directly to individuals. Transfer payments may be either cash transfers, such as Social Security payments and retirement payments to former government employees, or in-kind transfers, such as food stamps and low-interest loans for college education. |
| Socia Security Act of 1935 | Created both the Social Security Program and a national assistance program for poor children |
| Personal Responsibility and Work Opportunity Reconcilition Act | The official name of the welfare reform law of 1996 |
| Temporary Assistance for Needy Families | Once caled the "aid to families with dependent children", the new name for public assistance to needy families |
| Social Security Trust Fund | The "bank account" into which social security contributions are "deposited" and used to pay out eligible recipients. |
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