Public Receipts in the United States: 1952-1994
The way public receipts are represented in the federal budget has become an important policy issue. However, all of the proposed alternatives focus only on the federal sector; none presents a national budget in the context of the national economy. This report offers new, alternative ways of viewing federal, state, and local government receipts; focuses attention on the major categories of public receipts that will shape the policy agenda into the next century; and illustrates beneficial forms of presentation for public receipts. In this analysis, data on public receipts are classified according to (1) the jurisdiction that receives them; (2) the economic type of the receipt; and (3) the fund that receives the receipt. These complementary schemes are used to discuss trends in public receipts relative to growth in the U.S. economy over the past 42 years, focusing on the largest and most dynamic components of these receipts. The authors conclude that the current federal budgetary presentation does not address the ongoing need for forms of presentation that enhance understanding of public receipts and facilitate decisions that shape them. It is necessary to revisit the basis of budget presentation, with attention to the fundamentals of budgetary communication and taxonomy.
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TRENDS IN U S PUBLIC RECEIPTS 19521994 FROM
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92 Figure Appendix benefits budgetary categories of receipts contributions to social corporate profits taxes Dawson and Stan deductions eamings earlier report economic type economy exemptions federal receipts federal regular budget federal social insurance finance ﬂow government receipts gross domestic product growth Hospital Insurance portion increase in total increases in Social Indirect business tax indirect tax interfund transactions local receipts NIPA data NIPA Table nontax payments offset past 42 percent in 1994 percent of GDP personal income taxes personal tax perspectives points of GDP portion of Medicare property taxes Proposition 13 public expenditures Receipt Classification receipts by jurisdiction receives the receipt regular budget receipts relative to GDP sales taxes sectors social insurance budget social insurance funds social insurance receipts Social Security Supplemental Medical Insurance tax and nontax tax code tax expenditures tax receipts total public receipts total receipts treatment trendless trends Trust Fund type of fund type of receipt