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Fiscal Burden
In economics, the fiscal burden of government imposed onto its taxpayers is the influence of the tax levied on the purchasing power of the taxpayers. We need to differentiate tax burden and fiscal burden. Fiscal burden includes not only the influence of taxes on the budget, but also the influence of other, non-tax revenues of government (social contributions, revenues from foreign trade, other payments) on the budget. The concept was introduced by an English clergyman and political writer John Brand. In his 1776 pamphlet, "Observations on some of the probable effects of Mr. Gilbert's Bill, to which are added Remarks on Dr. Price's account of the National Debt A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit oc ...", he draw a distinction between "fiscal charge" and "fiscal burden". He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxpayer
A taxpayer is a person or organization (such as a company) subject to pay a tax. Modern taxpayers may have an Taxpayer Identification Number, identification number, a reference number issued by a government to Citizenship, citizens or Company, firms. The term "taxpayer" generally characterizes one who pays taxes. A taxpayer is an individual or entity that is obligated to make Payment, payments to Municipality, municipal or government Revenue service, taxation-agencies. Taxes can exist in the form of Income tax, income taxes and/or Property tax, property taxes imposed on owners of real property (such as homes and vehicles), along with many other forms. People may pay taxes when they pay for goods and services which are taxed. The term "taxpayer" often refers to the workforce of a country which pays for government systems and projects through taxation. The taxpayers' money becomes part of the Government spending, public funds, which comprise all money spent or invested by governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burden
Burden or burthen may refer to: People * Burden (surname), people with the surname Burden Places * Burden, Kansas, United States * Burden, Luxembourg Arts, entertainment, and media Films * ''Burden'' (2018 film), an American drama film * ''The Burden'' (film), a Swedish independent short film Literature *'' The Burden'', by Agatha Christie, 1956 *''The Burdens'', a play by John Ruganda, 1972 Music Songs * "Burden", a single by Opeth from the album '' Watershed'' * "Burden", a 2019 song by Keith Urban * "Burdens", a song by Kenny Wayne Shepherd from ''The Place You're In'' * "Burdens", a song by The Yawpers * "The Burden", an interlude by Memphis May Fire from the album ''The Hollow'' Other uses in music * A drone (sometimes spelt bourdon or burdon) produced by certain instruments * Burden (or burthen), a refrain in English hymns and songs * ''Burdens'' (album), a 2006 album by Ava Inferi Other uses * Burden, an old accounting term for overhead (O/H) costs * Burden, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Brand (political Writer)
John Brand (died 1808) was an English clergyman and writer on politics and political economy. Life Brand was a native of Norwich, where his father was a tanner. Entering at Caius College, Oxford, he distinguished himself in mathematics, taking his B.A. degree in 1766 his M.A. degree in 1772. In 1772 he published 'Conscience, an ethical essay,' a poem which he had written in a competition for the Seatonian Prize. Having taken orders and held a curacy he was appointed reader at St Peter Mancroft, Norwich, and was afterwards presented to the vicarage of Wickham Skeith in Suffolk. To eke out his scanty income he contributed to the periodical press, particularly to the '' British Critic'', papers on 'Political Arithmetic.' Some of these attracted the notice of Lord-chancellor Loughborough, and he presented Brand in 1797 to the rectory of St. George's, Southwark, which he held until his death on 23 December 1808. Writing Brand was a Tory, and his Toryism coloured all his writing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
