Financing Government

I.  Where does the money come from:  Taxes

     Benjamin Franklin-

   16th amendment-

    Why are we taxed-

        A.  4 expressed constitutional limitations to the power to tax

            1.

            2.

            3.

            4.

        B.  Types of revenue raising taxes imposed by the federal government

            1.

            2.

            3.

            4.

            5.

            6.

            7.

II.  Nontax Revenues and Borrowing

        A.  Nontax revenues-

        B.  Borrowing-

            Deficit-

            Public Debt

Review

        Regressive tax

        Estate Tax

        Payroll Tax

        Custom Duty

        Entitlement

        Continuing Resolution

        Tax Return

        Excise tax

        Gift Tax

        Progressive Tax

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