Across
- 1. principle: the tax should be paid those who receive the benefits of the tax revenue.
- 5. Tax: is one that takes a smaller percentage of a person's income as his income rises
- 8. Tax: is one in which all people, no matter how great or small their income, pay the same percentage of their earnings.
- 9. Insurance Contribution: legislation requiring the deduction of social security taxes from workers' paychecks
- 11. to pay principle: a tax as being fair if the taxing authority levies it on those who have the ability to pay
Down
- 2. Tax:is a tax the government levies on the sale of certain targeted consumer goods, such as gasoline, alcoholic beverages, and cigarettes.
- 3. multiplier: is the inverse of one minus the slope of the aggregate expenditures line
- 4. Economics: economics policies based upon the ideas of John Maynard, who believed that governments could eliminate severe conditions of the business cycle by using fiscal policy.
- 6. Propensity to Save: the percentage of each dollar that the average consumer saves
- 7. Tax: is one that takes a greater percentage of a person's income as his income increases
- 10. Policy: refers to the actions the government takes to affect output and employment through the way it spends, taxes, and borrows