c5f10[1] - Chapter 5 Government Revenues and Expenditures...

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Chapter 5: Government Revenues and Expenditures
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Purposes of Government 1. Maintain Order 2. Provide Public Goods 3. Promote Equality
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Table 5.1 Tax and Non-Tax Receipts as a Percentage of Gross Domestic Product by Year 1990 1995 2000 2005 2009 Norway 55.5 54.2 57.7 57.3 56.8 Denmark 54.6 56.2 55.5 57.4 53.9 Sweden 63.1 58.0 60.7 55.9 53.4 Finland 53.2 55.2 55.3 53.2 51.2 France 47.0 48.9 50.1 50.5 48.9 Belgium 45.5 47.5 49.1 49.3 48.7 Netherlands 49.6 47.2 46.1 44.9 47.7 Austria 48.9 50.2 49.6 48.1 47.4 Iceland 38.3 39.8 43.6 47.1 45.9 Italy 41.5 45.1 45.3 43.8 45.5 Euro area 46.1 45.6 46.2 44.9 44.9 Hungary 47.6 43.6 42.1 44.3 New Zealand 48.7 44.9 41.2 45.0 44.2 Germany 41.7 45.1 46.4 43.6 43.0 Portugal 34.5 38.4 40.2 41.6 43.0 United Kingdom 40.1 38.8 41.0 41.4 41.4 Greece 30.9 36.7 43.0 37.8 40.5 Luxembourg 42.1 42.1 43.7 41.7 40.5 Spain 38.7 38.0 38.1 39.4 39.5 Canada 43.0 43.2 44.1 40.8 39.1 Czech Republic 40.5 37.9 41.0 38.5 Poland 43.3 38.1 39.0 38.2 Ireland 40.1 39.1 36.3 35.4 35.4 Korea 23.1 24.6 29.3 31.9 35.3 Australia 33.7 34.5 36.1 36.3 34.6
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Revenues and Expenditures 2007, taxes paid to all governments were 30% of personal income $12,650 2007, government spent $15,200 per person Redistributing Income User or Client pay Ability to pay Private Goods and Public Goods Excludable Non-rivaling Merit good
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TAX INCIDENCE PROGRESSIVE NEUTRAL REGRESSIVE
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TAX INCIDENCE: NEUTRAL INCOME LOW PCT. INCOME PAID IN TAXES HIGH HIGH ALL PAY SAME PROPORTION OF INCOME IN TAXES
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TAX INCIDENCE: PROGRESSIVE INCOME LOW PCT. INCOME PAID IN TAXES HIGH HIGH WEALTHY PAY HIGHER PROPORTION OF INCOME IN TAXES
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REGRESSIVE INCOME LOW PCT. INCOME
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This note was uploaded on 03/24/2011 for the course POLS 207 taught by Professor Peterson during the Spring '07 term at Texas A&M.

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c5f10[1] - Chapter 5 Government Revenues and Expenditures...

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