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American Gov 16
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Fiscal Year
Oct. 1st - Sept. 30th
4 limitations on trade
1) Cant tax church services
2) cant tax exports
3)taxes must be apportioned equally
4) employer takes a % of income out of pay for taxes
16th ammendment
tax our personal income
Taxes
Internal Revenue Service (collects taxes)
Social Insurance Taxes
1)OASDI- old age survivor and disability insurance (social security)
2) Medicare- old age health insurance
3)Unemployment Insurance- combined state and federal income
custom duty
tax on goods brought into the US
Excise Tax
(sin taxes) tax on manufacture, sale, or consumption of a good
Estate Tax
(1916) tax on $ or property left to someone after death
gift Tax
(1952) tax on value of gifts
Author
westerngal95
ID
203467
Card Set
American Gov 16
Description
American Gove Test 16
Updated
2/26/2013, 6:02:15 AM
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