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- If an individual owns a corporation for which he is the only employee, which different types of federal tax will he have to pay?Debt has a certain self-reinforcing quality to it. There is one category of government spending that automatically Increases along with the federal debt. What Is It?What are the main categories of U.S. federal government taxes?
- What is the difference between a progressive tax, a proportional tax, and a regressive tax?True or false: Majority rule can fail to produce a single preferred outcome when there are more than two choices.Why are expenditures such as crime prevention and education typically done at the state and local level rather than at the federal level?
- True or False: Federal spending has grown substantially in recent decades. By world standards, the U.S. government controls a relatively large share of the U.S. economy. A majority of the federal governments revenue Is collected through personal income taxes. Education spending is slightly larger at the federal level than at the state and local level. State and local government spending has not risen much in recent decades. Defense spending is higher now than ever. The share of the economy going to federal taxes has increased substantially over time. Foreign aid is a large portion, although less than half, of federal spending. Federal deficits have been very large for the last two decades. The accumulated federal debt as a share of GDP is near an all-time high.Occupy Wall Street was a national (and later global) organized protest against the greed, bank profits, and financial corruption that led to the 20082009 recession. The group popularized slogans like We me the 99, meaning it represented the majority against the wealth of the top 1. Dues the fact that the protests had little to no effect on legislative changes support or contradict the chapter?Which of the following forms of federalism maintans the federal and state governments should work togerther in order to solve common problem? a. Cooperative Federalism b. Divisive Federalism c. Dicision Federalism d. Harmony Federalism e. Dual Federalism