Economics Mini teacher

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  • Created by: H
  • Created on: 17-03-13 16:38
A tax where the rich pay a larger percentage of income in tax than the poor
progressive
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A tax where the rich pay the same percentage of income in tax than the poor
proportional
2 of 7
A tax where people pay exactly the same amount no matter what their income is
regressive
3 of 7
The tax that brings in the most income for the government
Income
4 of 7
Example of an indirect tax
VAT
5 of 7
Standard rate of VAT
twenty
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What do the government spend most of it revenue on
benefits
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Other cards in this set

Card 2

Front

A tax where the rich pay the same percentage of income in tax than the poor

Back

proportional

Card 3

Front

A tax where people pay exactly the same amount no matter what their income is

Back

Preview of the front of card 3

Card 4

Front

The tax that brings in the most income for the government

Back

Preview of the front of card 4

Card 5

Front

Example of an indirect tax

Back

Preview of the front of card 5
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