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Federal Taxation: Level and Composition

Оглавление

When it comes to the burden of taxation, both the level and the composition or “mix” of taxation matter. In other words, it’s not merely the amount of resources extracted by the government, but also the manner in which it is extracted. We examine each issue in turn.

Figure 1.4 shows total money collected by the federal government as a share of the economy.

Figure 1.4 US federal government receipts, as a share of nominal GDP, FY 1930–2011


Northern Light: Lessons for America from Canada's Fiscal Fix

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