Viewing All Flashcards for News Quiz #2
A term used to describe the leader in a political race. It is an unofficial title and most often anointed by the media. In the primary elections for the republican presidential nominee Mitt Romney has been the frontrunner.
This refers to a speed with which a candidates approval rating is moving up or down. During the month of January Newt Gingrich had a great deal of positive momentum because he won South Carolina.
A superdelegate refers to a person who is awarded delegate status not from an election but instead based on their position of power within a political party. For example, a state chairperson of a National Convention committee member.
This refers to a type of taxation system in which the tax rate raises as the taxable base amount increases. This means that the rate will go low to high.
A system of taxation in which the tax rate decreases as the taxable base amount increases.
-Individual Income tax- Social Security Payroll Tax- Medicare Payroll Tax- Corporate Income Tax- Capital Gain/ Dividend Tax- Excise Tax ("sin tax")- Estate Tax- Tariffs
Taxes on imported or exported goods....across international political boundaries
- Intergovernmental Transfers (ie grants-in-aid)- Individual Income tax- Property tax- sales tax- Corporate Income tax- FEES
- vehicle registration- fines- traffic tickets- emissions tests
This term refers to the amount of tax that an individual or company will pay after all payments and offsets are applied and then divided by the tax base.
Mitt Romney's Venture capital company