PRINCIPLES OF TAXATION

PRINCIPLES OF TAXATION Once the government has decided to collect some amount of taxes, it has a bewildering array of possible taxes available to it. It can tax income, tax profits, or tax sales. It can tax the rich or tax the poor, tax the old 01 lax the ). Are there...

C. ECONOMIC ASPECTS OF TAXATION

 C. ECONOMIC ASPECTS OF TAXATION Governments must pay for their programs. funds come mainly from taxes, and any shortfall is a deficit that is borrowed from the public. But in economics flit always to pierce l/at veil of monetary flows to understand  resources. Behind...

CULTURAL AND TECHNOLOGICAL IMPACTS

CULTURAL AND TECHNOLOGICAL IMPACTS Government programs have subtle impacts on the country beyond, the dollar spending. The federal government has changed the landscape through the , interstate highway system. By making automotive travel much faster, this vast network...

State and Local Expenditures

State and Local Expenditures Although the battles over the federal .budget command the headlines, state and local units provide many of the essential functions in today’s economy. Figure 16-3 illustrates the way states and localities spend their money. By far...

Federal & Expenditures

Federal & Expenditures Let’s look now at the different levels of governmerit, The U.S. government is the world’s biggest enterprise. It buys more automobiles and steel, meets a bigger payroll, and handles more money than any . other organization...

FISCAL FEDERALISM

FISCAL FEDERALISM While we have been referring to government as if it were a single entity, in fact Americans face three levels of government: federal, state, and local. This reflects a division of responsibilities among the different levels of government-a’...