8 Introduction to Government Revenue

This chapter introduces the fourth, and most extensive, part of this book and shifts the focus from government expenditures to revenues. There are slides and a video associated with this chapter. The following topics are covered:

• Overview of federal, state, and local revenue over time
• Tax terminology
• Tax incidence
• Tax evaluation criteria
• Tax collection steps

Additional information from the Congressional Budget Office (CBO) can be found on their webpage of Major Recurring Reports. Those reports list statistics related to taxation and household income in the United States. In addition, the Internal Revenue Service (IRS) compiles statistics as well at Tax Statistics.