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Tax:
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payment required by gov. that is unrelated to any specific benefit or service received by gov.
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1 / 55
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Terms in this set (55)
Tax:
payment required by gov. that is unrelated to any specific benefit or service received by gov.
Deductions encourage:
-charitable contributions
-R&D
-retirement savings
Sin taxes:
high surcharges on alcohol, tobacco products
Tax components- payment is:
-Required
-Imposed by gov agency
-Not tied directly to benefit received by taxpayer
Earmarked tax:
assessed for specific purpose, but not specific benefit received by taxpayer
