Exam 12: Poverty,income Inequality,and Discrimination

Since the end of World War II,the incidence of poverty as measured by the Social Security Administration's criterion has ________ percent of the population.

Some elements of a negative income tax have been incorporated into the U.S.federal tax code in the form of

A controversial element of the Social Security program is that

Social Security taxes are considered to be regressive because they tax

A major cause of poverty is that

Measures taken to reduce inequality are likely to cause economic efficiency to

Unlike the negative income tax proposal,which was an income transfer proposal,Social Security is a popular program because it

Suppose a family with an earned income of $2,000 receives an extra $2,000 under a negative income tax scheme.If this family's earned income increased by $100,the tax payment it receives would

Assume a negative income tax that is structured according to the formula T = -$5,000 + 0.5Y,where T = tax liability and Y = earned income.The break-even income,when the family neither receives a tax payment nor pays any income tax,is

The 2011 U.S.per capita income was about

In 2012,the bottom fifth of U.S.households received incomes below

One reason for rejecting the argument that inequality of income lessens total consumer satisfaction (because an extra dollar given to a poor man provides him with more extra satisfaction than the loss of a dollar taken away from a rich man)is that

Those who argue against income inequality say that

-In the diagram

Poverty as defined by the Social Security Administration means having an income

To say that a tax is progressive means that

In 2012,a household with an annual income of $100,000 was in the top ________ percent of U.S.households

A tax that takes a smaller proportion of one's income as that income rises is called a(n)________ tax.

According to the Social Security Administration,the cost of a minimal nutritionally sound food plan is multiplied by what number to arrive at an income level used as the criteria for establishing the poverty line?

An argument against income transfer programs is that they