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a proportional tax is a Were everyone is taxed at the same rate.

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A Progressive Tax is a taxes that gets higher the more you make.

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a tax that is more taxes the less money you make.

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the benefit principle says you should pay for services based on your usage of the service.

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the ability to pay principle says you should pay if you have the money needed to pay for it.

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What is the dollar value of all government revenue to date? the value is $2.26 trillion.

What is the largest category of income for the Federal Government? the largest category is federal income tax.

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#1 the amount spent is $3.57 trillion.

#2 National Defense

#3 government is legally obligated to provide funds

#4 Social Security and Medicare/Medicaid

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#1 general taxes

#2 65.4%

#3 sales taxes and individual income taxes

#4 federal funding is also a big portion of the revenue

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#1 education, healthcare, and public welfare

#2 21%

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#1 Most local spending is on property taxes, sales taxes, and income taxes.

#2 $628 million

#3 property taxes

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#1 education, public safety, and health and hospitals

#2 $3.61 million

#3 museums, libraries, cultural centers, and other community arts organizations

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similarities between revenue most of locals like the states is too

differences is that a lot of states is also from federal grands

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the use of government spending and taxation to influence the economy

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#1 President submitted a budget request to Congress.

#2 congress looks over the budget request

#3 followed by congressional action to create budget resolutions

#4 then they make appropriations bills.

#5 President signs the appropriations bills

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the government using policies to stimulate economic growth.

ex lowering taxes so they have more money to spend.

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the government fiscal policy attempting to slow down the economy.

ex rasing taxes so there is less money to spend

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political pressures that can lead to unsustainable spending, or there a chance that it might not work.

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a tool used by the federal reserve to control the money supply and influence the overall economy

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the buying and selling of government securities by a central bank to influence the money supply and interest rates.

ex buying Treasury bonds

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When the Fed adjusts the federal funds rate to steer the economy

ex changing the discount rate to 15% from 10%

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changes in the reserve requirement cause the amount the banks have to hold to change.

ex increasing the reserve requirement, the Federal Reserve is essentially taking money out of the money supply

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#1 to influence overall interest rates and monetary policy.

#2 influencing their lending decisions, reserve management, and ultimately, the overall level of interest rates in the economy.

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the potential for conflicting goals, the need for effective communication, and the limitations of its tools, particularly during periods of low interest rates.