Across
- 2. annual plan outlining proposed revenues (from taxes) and expenditures (spending) for the coming fiscal year
- 4. State and Local tax of the value of property.
- 7. Part of FICA that provides healthcare to seniors regardless of income.
- 11. Taxes on imports that are paid by the importer (the person who brings the product into the United States).
- 15. Reduces the amount of taxes you owe, giving you a dollar-for-dollar reduction of your tax liability.
- 16. Spending subject to the appropriations process
- 18. Taxes < Spending
- 20. Reduces the amount of income subject to taxes.
- 21. House and senate subcommittees set funding for each program through appropriations bills.
- 22. Taxes collected based on the profits of U.S. corporations.
- 24. Taxes collected to fund social insurance programs such as social security, medicare, unemployment insurance, etc.
- 25. people that count on you as their primary source of income
- 26. Taxes > Spending
Down
- 1. The president submits a budget request to Congress.
- 3. The percentage (%) of your income taxed increases as your income increases.
- 5. Taxes = Spending
- 6. Public health insurance program for people with low incomes who lack access to affordable health insurance.
- 8. Lawmakers release their own budget plans and set overall spending levels.
- 9. pockets
- 10. Federal tax on the property of someone who has died.
- 12. The percentage (%) of your income taxed decreases as your income increases.
- 13. Taxes collected from U.S. citizens based on their individual income.
- 14. Federal tax paid by the person who gives a gift
- 17. Percent of income is taxed the same for all income levels
- 19. time period for spending and taxing.
- 23. mandatory contributions levied on individuals or corporations by a government entity—whether local, regional or national.