Tax Policy: Pluralism Denied
I. Purposes of Taxes
A. Raise Revenue
B. Redistribute Wealth
C. Regulate Economic Activity
D. Impact Specific Activities
II. Types of Taxes
A. "Good" & "Bad" Taxes
B. Progressive Taxes (Federal Personal Income Tax; Tax Burden and Income;
Individual Income Tax by Income Distribution)
C. Proportional or Flat Taxes
D. Regressive Taxes
III. Major Sources of Federal Revenue (changing structure; brief history)
A. Income Taxes
2. Corporate Income Taxes (declining source of revenue; detailed analysis)
C. Borrowing (federal debt; causes of deficits; revenues v. outlays
projected interest as a share of total spending;
D. Other
IV. Recent Policies
B. Bush Tax Cuts (critiqued; praised)
C. Tax Cuts and Balanced Budget Efforts
Key Web Sites
Office of Management and Budget
Urban-Brookings Tax Policy Center
House Budget Committee: Graphs [a gold mine of information]