LESON17B

LESON17B - Econ 275 - Public Finance - Winter 1994 - 3/5/94...

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Econ 275 - Public Finance - Winter 1994 - 3/5/94 - Lesson #17 - leson17b.275-- Page -- Admin Discuss and collect reading assignments Take old exams and reading assignments Dixit(?) and Porter(friday 11-12) lectures Health Care-Chapter 9 Discuss insurance issues Taxation - Chapter 10 (mostly fluff) Terms Difference between tax and fee? Ad valorem tax excise tax tax base average tax rate marginal tax rate progressive, regressive tax structure(based on average tax rate) tax bracket How should taxes be distributed benefit principle--he who receives a benefit should pay. A rider of public transport should pay the cost. UTA example: $30 M annual cost, ridership fees about $6 M. ability to pay principle--he who has pays more Horizontal equity-people in the same economic situation should pay the same in taxes. Vertical equity--people of differing incomes pay taxes differentially according to some notion of fairness. Basic guidelines for tax policy
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LESON17B - Econ 275 - Public Finance - Winter 1994 - 3/5/94...

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