Government Revenue

Funds raised through

taxing and borrowing to
pay for government
expenditures
What does this chart tell you?
 WHAT IS BEING TAXED?

❑ Income

❑ Property

❑ Consumption
 TYPES OF TAXES
Federal State Local
Individual Federal Individual State Property Tax (#1)
Income Tax (#1) Income Tax
FICA (Federal Sales Tax (#1)
Utility Tax
Insurance Excise Taxes (taxes on cable,
Corporations Act) Gas phone, electricity,
- Social Security Alcohol
- Medicare “sin” tax etc.)
Tobacco
Corporate Income Corporate Income Individual State
Tax Tax Income Tax (rarely)
Tariffs Licenses and Fees: Licenses and Fees:
Estate Tax / Gift Tax Parks, Marriage, Auto Dog, Parking Meters
WHAT IS BEING PROVIDED?

❑ Defense

❑ Infrastructure
A program that provides
❑ Social Welfare assistance to needy
individuals and families
 TYPES OF PUBLIC SEVICES
Federal State Local
Schools: Police and Fire
National Defense
Secondary / College
Social Welfare: Social Welfare:
Libraries
Medicare Medicaid
Museums
Food Stamps Family Planning
Community Centers
Unemployment Foster Care
Airports
Healthcare
Research: Police Waste
Space, Medicine Jails Management
Roads Public
Roads (Interstates)
State Parks Transportation