Sources Of Public Revenues

17,678 views

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
17,678
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
153
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Sources Of Public Revenues

  1. 1. Theme: Sources of Public Revenues by Julia Oreshnikova
  2. 2. The Outline <ul><li>Introduction </li></ul><ul><li>The main sources of public revenues </li></ul><ul><li>Taxes throughout the history </li></ul><ul><li>To conclude: Global economic crisis </li></ul><ul><li>Sources used </li></ul>
  3. 3. Miscellaneous revenues <ul><li>1. Gifts </li></ul><ul><li>Example 1 : Mr. Smithson left the United States half a </li></ul><ul><li>million dollars to be used in the foundation of the </li></ul><ul><li>Smithsonian Institution for the Advancement of </li></ul><ul><li>Science. </li></ul><ul><li>Example 2 : Less than a quarter of a century ago, a </li></ul><ul><li>citizen of NewJersey left the United States nearly a </li></ul><ul><li>million dollars to be applied to the payment of the </li></ul><ul><li>national debt. </li></ul>
  4. 4. <ul><li>2. Fines </li></ul><ul><li>3. Escheats - a legal term used to describe a property that </li></ul><ul><li>falls to the government after the owner’s death if there </li></ul><ul><li>are no heirs </li></ul><ul><li>4. Conscience money </li></ul><ul><li>money sent without name by persons who have </li></ul><ul><li>defrauded the government </li></ul>
  5. 5. Public Domains <ul><li>a source of considerable revenue in Germany and some other countries </li></ul><ul><li>public ownership of forests exists practically everywhere </li></ul>
  6. 6. <ul><li>Public Industries - manufacture of fine china, has had its origin in government establishments </li></ul><ul><li>Public Loans -gives rise to public debts </li></ul><ul><li>State Lotteries </li></ul>
  7. 7. Fees and special assessment <ul><li>Fees </li></ul><ul><li>- an amount of money you pay to the government for </li></ul><ul><li>the service. </li></ul><ul><li>Examples: the payment demanded for recording </li></ul><ul><li>mortgage, any court charge, a charge for marriage </li></ul><ul><li>license . </li></ul><ul><li>Special assessment </li></ul><ul><li>- an additional tax levied on private property for </li></ul><ul><li>public improvements that enhance the value of the </li></ul><ul><li>property . </li></ul>
  8. 8. T A X A T I O N <ul><li>  </li></ul>
  9. 9. JUST TAX - ? “ Just tax” comes from “justice” Taxes: progressive, regressive and proportional. But no just! “ Of two evils choose the least”
  10. 10. Q u i c k s u m m a r iz i n g <ul><li>Sources of Public Revenues: </li></ul><ul><li>miscellaneous revenues ( gifts, fines, escheats, “conscience money”) </li></ul><ul><li>Public Domains </li></ul><ul><li>Public Industries </li></ul><ul><li>Public Loans </li></ul><ul><li>Lotteries </li></ul><ul><li>Fees </li></ul><ul><li>Special Assessments </li></ul><ul><li>Different kinds of taxes </li></ul>
  11. 11. Taxes throughout the history Source: Roberton Williams, “Where does Federal Revenue come from?”, The tax policy centre.
  12. 12. Federal Revenues by Fiscal Year (Trillions of dollars) Source: Congressional Budget Office // www.cbo.gov
  13. 13. Instead of Conclusion - Lyrics <ul><li>“ If you drive a car, I’ll tax </li></ul><ul><li>the street, </li></ul><ul><li>If you try to sit, I’ll tax </li></ul><ul><li>your seat”. </li></ul><ul><li>The Beatles, “Taxman” </li></ul>
  14. 15. S o u r c e s u s e d <ul><li>Richard T. Ely, George Ray Wicker, “Elementary Principles of Economics”. </li></ul><ul><li>Roberton Williams, “Where does Federal Revenue come from?”. The tax policy centre. </li></ul><ul><li>www.cbo.gov </li></ul><ul><li>www.wikipedia.com </li></ul><ul><li>Macmillan dictionary </li></ul>

×