AP Gov Federal Budget Webquest


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Unformatted text preview: siness slumps and be curbed during booms. supply side economics­ a theory that states changes in marginal tax rates influence economic activity Grover Norquist Anti Tax Pledge­ a promise to never, ever to vote for a tax increase. progressive income tax­A system of taxation in which persons or corporations are assessed at a greater percentage of their income according to the theoretical ability to pay Budget Process Here is a flowchart describing the annual federal budget. Use the pie chart above or go to A Citizen’s Guide to the Federal Budget. ­ Where does the federal government get most of its revenue? individual income tax_______ ­ What is the second highest source of government revenue?social insurance and retirement receipts _____________ ­ What is the third highest source of government revenue? corporation income taxes_______________ ­ Where else does the government get its revenue? Excise taxes Go to A Citizen’s Guide to the Federal Budget. ­ What is the total amount of revenue the federal government took in?From the year...
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This note was uploaded on 02/13/2014 for the course HISTORY AP Governm taught by Professor Richardhoppock during the Fall '12 term at Hayfield Secondary.

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