Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.
marginal tax rate average tax rate alternative minimum tax (AMT) progressive tax flat tax regressive tax national debt held by the public deficit | an income tax with the same tax rate on all levels of income (compare with progressive and regressive tax). the annual difference between federal spending and revenues. the total tax payment divided by total income. all federal debt held outside the U.S. government. an income tax with higher tax rates on people with higher incomes. a separate income tax code, begun in 1969 to prevent the rich from not paying income taxes; not indexed to inflation and thus now an extra tax burden on many upper middle class families. an income tax with higher tax rates on people with lower incomes. the tax rate paid on an additional dollar of income. |