| A | B |
|---|
| GDP growth at or above this rate is considered good | 3% |
| Medicare | A health care program for retirees |
| Medicaid | A health care program for the poor |
| Social Security | A pension program for retirees |
| The age at which Americans are eligible for Social Security & Medicare | 65 |
| Gross Domestic Product | All the goods & services produced by a nation |
| They pay for Social Security | Employers & employees |
| Payroll tax | Money taken out of your paycheck for SS, Medicare, and Medicaid |
| Current payroll tax rate | Approximately 16% |
| Colorado's state income tax | 4% |
| Denver's employment tax is called this | Occupational Privilege Tax |
| Who pays unemployment tax? | Employers |
| Current unemployment tax rate | 2% |
| The top federal income tax rate | 39% |
| Under this kind of tax, the rich pay a higher percentage | Progressive tax |
| Under this kind of tax, everyone pays the same rate | Flat tax |
| Debt-to-GDP ratio above this number is considered dangerous | 100% |
| The approximate GDP of the U.S. | 18 trillion dollars |
