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POLS 207 TAMU Ives Questions and Answers | Latest Update $11.49   Add to cart

Exam (elaborations)

POLS 207 TAMU Ives Questions and Answers | Latest Update

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  • Course
  • POLS 207
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  • POLS 207

Budget deficit -:- Amount of money coming in falls below the amount spent (government) Revenues -:- Money the government brings in from taxes User fees -:- Charges levied by governments in exchange for services. Such fees constitute a type of hidden tax. Excise (sin) taxes -:- Taxes on...

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  • September 13, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • POLS 207
  • POLS 207
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




POLS 207 TAMU Ives Questions and
Answers | Latest Update
Budget deficit

✓ -:- Amount of money coming in falls below the amount spent (government)




Revenues

✓ -:- Money the government brings in from taxes




User fees

✓ -:- Charges levied by governments in exchange for services. Such fees constitute

a type of hidden tax.




Excise (sin) taxes

✓ -:- Taxes on alcohol, tobacco, and other similar products that are designed to

raise revenues and reduce use.




Estate taxes

✓ -:- Taxes levied on a person's estate or total holdings after that person's death




Gift taxes




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,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!


✓ -:- Taxes imposed on money transfers made during an individual's lifetime




Sales taxes

✓ -:- Taxes levied on consumer purchases of goods and services




Regressive taxes

✓ -:- A tax that does NOT differ based on the ability of an individual to pay




Tax burden

✓ -:- A measurement of taxes paid as a proportion of income




Income taxes

✓ -:- Taxes on wages and interest earned




Progressive tax

✓ -:- A system of taxation in which the rate paid reflects ability to pay




Severance taxes

✓ -:- Taxes on natural resources that are removed from a state




Insurance trust funds


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, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!


✓ -:- Money collected from contributions, assessments, insurance premiums, and

payroll taxes




Intergovernmental transfers

✓ -:- Funds provided by the federal government to state governments and by state

governments to local governments.




Tax capacity

✓ -:- A measure of the ability to pay taxes




Tax effort

✓ -:- A measure of taxes paid relative to the ability to pay taxes




Dividend

✓ -:- A payment made to stockholders generated by an investment




Bonds

✓ -:- Certificates that are evidence of debts on which the issuer promises to pay

the holders a specified amount of interest for a specified length of time and to repay

the loans on their maturity.




Capital Investment

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