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Identifying transfer payments Complete the following table by indicating which of the following government expenditures or programs include transfer payments Government Expenditure or Program

1.) Identifying transfer payments

Complete the following table by indicating which of the following government expenditures or programs include transfer payments.

Government Expenditure or Program

Includes Transfer Payments?

Yes

No

Education spending      
Interest payments on government debt      
Social Security      
Welfare (TANF)

2.) Principles of tax equity

The mayor of Denver wants to upgrade the public transportation system. In order to fund the improvements, the mayor proposes charging an extra $1 for each ride taken.

What principle does this tax policy follow?

A.) The ability-to-pay principle

B.) The benefits principle

C.) Both the ability-to-pay principle and the benefits principle

D.) Neither the ability-to-pay principle nor the benefits principle

3.) Federal versus state and local government

The U.S. federal government collects about two-thirds of the taxes in the U.S. economy, while state and local governments collect the rest. The following questions will help you understand how each government branch obtains and spends its revenue.

In the following table, identify which government branch collects each of the taxes listed on the left. Check all that apply.

Tax

Collected By

Federal Government

State and Local Government

Sales tax ___ ___  
Corporate income taxes ___ ___  

Social insurance taxes

In the following table, identify which government branch is responsible for each of the spending categories listed on the left. Check all that apply.

Category

Spent By

Federal Government

State and Local Government

Libraries ___ ___  
Medicare ___ ___  
National defense ___ ___  

Non-interstate highways

Thanks

May 26 2020 View more View Less

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