April 11

Chapter 14 Section 1 Questions

1. List 10 things that are taxed.  Label each as being either Income, Sales, or Property
2. Why do governments impose taxes?
3. What are the four characteristics of a good tax?  Explain the meaning of each.
4. What is the difference between a progressive tax and a regressive tax?
5. Describe the benefits-received principle.  How does it differ from the ability-to-pay principle?
6. Could we thrive in a society where taxes aren’t taken?  Where they are optional?  Explain.
7. Explain the impact of the power to tax as expressed in the Constitution on tax policies today?
8. Salem has decided to levy a tax to raise money for construction, road maintenance, and other expenses for schools.  Should the tax they impose be proportional, progressive, or regressive?  Explain your answer.