Are the majority of taxes collected by the government progressive or regressive?
Answer:
An ideal response will:
1. Identify the largest sources of federal revenue from taxes, which are individual income taxes and payroll taxes for social insurance (Social Security and Medicare).
2. Note that other tax revenue comes from corporate income taxes, excise taxes, and smaller taxes such as estate taxes and tariffs.
3. Define progressive and regressive taxes.
4. Explain that the federal income tax is considered a progressive tax that weighs more heavily on individuals with higher incomes, while the federal payroll tax is considered a regressive tax that collects the same percentage on all individuals and corporations regardless of income.
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The Speaker of the House rarely votes on legislation
Indicate whether the statement is true or false
What has the status of world food production been over the last 20 years?
a. Food production has generally grown more rapidly than population, but problems of food distribution remain. b. Population growth has been faster than food production growth, but problems of food distribution have been solved. c. Food production has grown more rapidly than population, and distribution problems have been solved. d. Population growth has been faster than food production growth, and food distribution problems remain.
Several of the most important nonfuel mineral resources
a. are in danger of imminent depletion, and it is therefore important that substitutes be found in the immediate near-term future. b. are produced in few locations, and this has given rise to some fear that mineral resource cartels modeled after OPEC will be formed to control mineral production and prices. c. have become extremely expensive in the 1990s, leading to fears that a resourceinduced economic collapse will take place later this decade. d. are produced only in Russia. Thus, if communists return to power there, they could still hurt the West economically by stopping mineral exports.
Franking privilege allows incumbent members of Congress to ____________________
A) travel to and from their home state for free B) never pay taxes C) mail materials to constituents without paying for postage D) enjoy free medical and dental benefits E) garner an extensive financial bonus yearly to go towards a charity of their choice