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Dependent Children
Individuals, typically under the age of 18, who rely on adults for financial support and care.
Excise Tax
Taxes applied to specific goods, services, or activities, either as a flat amount per unit or as a percentage of the price.
Direct and Indirect
Terms used to differentiate between costs, taxes, or subsidies that are explicitly linked to the production or sale of a good (direct) and those that are not directly linked but influence economic outcomes (indirect).
Federal Expenditures
Spending by the federal government of a country, including costs for defense, welfare, infrastructure, and other public services.
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