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social welfare policies policies that provide benefits to individuals, particularly to those in need
entitlement programs policies for which expenditures are ucontrollable because Congress has in effect obligated iself to pay X level benefits to Y number of recipients
means-tested programs government programs available only to individuals below a poverty line
income distribution the shares of the national income earned by varios groups
income amount of funds collected between any two points in time
wealth amount of funds alrady owned
poverty line method used to count the number of poor people, it consders what a family would need to spend for an austere standard of living
feminization of poverty increasing concentration of poverty among women, especially unmarried women and their children
progressive tax tax by which the government takes a greater share of the incoe of the rich than of the poor
proportional tax tax by which the government takes the same share of income from evryone, rich and poor alike
regressive tax tax in which the burden falls relatively more heavily upon low-income groups than upon wealthy taxpayers
tax incidence proportion of its income a particular group pays in taxes
earned income tax credit negative income tax that provides income to very poor individuals in lieu of charging them federal tax
transfer payments benefits given by the government directly to individuals
temporary assistance to needy families once called aid to families with dependent children, the new name for public assistance to needy families
Created by: manateresita