ECON 1 Lecture Notes - Lecture 12: Welfare, Tax Incidence, Temporary Assistance For Needy Families
Document Summary
Chapter 12 the design of the tax system: tax in united states is low compared to many european countries but high taxation has grown even more with its rising role in the country. A financial overview of the u. s. government: as the economy"s income has grown, the government"s revenue from. The federal government"s receipt: the federal government received billion, per person on average. Chapter 12 the design of the tax system. The federal government"s spending: the total spending was billion, with an average of per person. State and local government receipts: total receipt: billion, or per person. Administrative burden: burden of filing taxes, bookkeeping throughout the year, and government resources to enforce tax laws, legal tax avoidance differs from illegal tax evasion. )t"s difficult because few want to give up beneficial loopholes. The us income tax is filled with special.
