Public Finance |
Contents
PART Introduction | 1 |
P ART Multigovernment Public Finance | 6 |
Government at a Glance | 10 |
Copyright | |
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after-tax allocation amount analysis argue assets assume barley before-tax behavior billion capital gains changes Chapter commodity consider consumer surplus consumers consumption corporation tax debt decisions deduction deficit demand curve depends discussion dollar earnings econometric economists effect elasticity equal Equation example excess burden expenditures externality federal fig leaves Figure finance firms Hence horizontal important incentives income distribution income tax increase indifference curves individuals inflation interest investment labor supply leisure lump sum tax marginal cost marginal tax rate measured ment negative income tax net wage opportunity cost optimal tax output Pareto efficient payments percent person pollution preferences present value problem produce purchase rate of return received reduced requires saving Social Security social welfare function spending subsidy Suppose tax incidence tax liability tax revenues tax system taxable income taxation theory tion transfers unit utility voter wage welfare economics workers