Economics of Taxation

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Across
  1. 2. Type of taxes in which people with higher incomes pay a larger proportion of their income than people with higher incomes do
  2. 5. A tax charged on a unit of a good or service that is sold
  3. 7. When one group receives a disproportionate share of total income or wealth than others
  4. 11. Taking income from those with higher incomes and providing income to those with lower incomes
  5. 14. The situation of being below a certain level of income needed for a basic standard of living
  6. 15. Is a federal program that provides health coverage if you are 65 and older or have a severe disability, no matter your income
  7. 16. A graph that compares the cumulative income actually received to a perfectly equal distribution of income
Down
  1. 1. Percentage of the population living below the poverty line
  2. 3. Dividing a group into fifths, a method often used to look at distribution of income
  3. 4. A Program enacted in 1965 that provides medical insurance for low-income people, including the near-poor as well as those below the poverty line, and focusing on low-income families and the disabled
  4. 6. Type of taxes in which people with lower incomes pay a larger proportion of their income than people with higher incomes do
  5. 8. or percentage, of their incomes as people with lower incomes do
  6. 9. Type of taxes in which people with higher incomes pay the same
  7. 10. A tax in which a taxpayer is assessed the same amount regardless of circumstance
  8. 12. A flow of money received, often measured on a monthly or an annual basis
  9. 13. Antipoverty programs set up so that government benefits decline substantially as people earn more income—as a result, working provides little financial