Public Finance and the Price System |
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Page 341
... tax . The fact that the taxpayer is better off under the lump - sum tax illustrates the welfare cost of the progressive tax , which is qualitatively similar to a proportional tax . A proportional tax that raises the same revenue is ...
... tax . The fact that the taxpayer is better off under the lump - sum tax illustrates the welfare cost of the progressive tax , which is qualitatively similar to a proportional tax . A proportional tax that raises the same revenue is ...
Page 395
... be financed without increasing payroll taxes . What happens to the future benefits ? If benefits go up only for individuals who 395 OTHER MAJOR REVENUE SOURCES Issues in Social Security Tax Reform Using General Tax Revenue.
... be financed without increasing payroll taxes . What happens to the future benefits ? If benefits go up only for individuals who 395 OTHER MAJOR REVENUE SOURCES Issues in Social Security Tax Reform Using General Tax Revenue.
Page 442
... Tax revenue , the difference between before- tax earnings when work effort is NL1 ( BL1 ) and after - tax earnings ( AL1 ) , is the distance AB . If the tax rate is increased to 50 percent , the budget line becomes M2N . With the 50 ...
... Tax revenue , the difference between before- tax earnings when work effort is NL1 ( BL1 ) and after - tax earnings ( AL1 ) , is the distance AB . If the tax rate is increased to 50 percent , the budget line becomes M2N . With the 50 ...
Contents
OVERVIEW OF PUBLIC SECTOR FISCAL | 1 |
CRITERIA FOR POLICY EVALUATION | 8 |
THE PRICE SYSTEM | 14 |
Copyright | |
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additional allocation analysis benefit-cost billion budget line capital income cash transfer consider consumer consumption corporation income tax demand curve distribution earnings economic economists effect efficient equal equilibrium equity example excise subsidy excise tax external benefits families favor federal Figure finance fixed quantity subsidy food stamp program free rider problem higher households in-kind incentive increase indifference curve individual inefficient investment labor supply less logrolling low-income lower majority marginal benefit marginal cost marginal tax rate ment money income net wage opportunity cost output paid percent person political preferences price system produce progressive tax property taxes public choice theory purchase requirement quintile rate tax receive recipients redistribution reduce result retirement saving sector social security spending sumer supply curve Table tax burden tax revenue taxation taxpayers tion unemployment units of food voters voting wage rate welfare cost workers