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Raising government revenue

In: Rethinking Wealth and Taxes

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Abstract

This chapter provides information on the current composition of taxes used to raise government revenue in the United States (US), Canada and other Organisation for Economic Co-operation and Development (OECD) countries. The discussion reveals a bewildering array of taxation methods in the OECD spread across local, state/provincial and national jurisdictions: income taxes, social security, payroll and salary taxes, consumption taxes (goods and services taxes, sales taxes, excise taxes), property taxes and a small residual category of ‘other taxes’. The percentage contribution of each type of tax to total tax revenue and the size of revenue as a percentage of gross domestic product are reported. This aggregate overview is supplemented by detailed examination of government revenue sources in Canada and the US broken down into federal, state/provincial and local jurisdictions. Specific details for British Columbia, Nevada and the city of Vancouver are provided. With this background, available imprecise estimates of the contribution by the wealthy to the various tax burdens are reviewed. The chapter concludes with a glimpse into the world of tax havens and the use that the wealthy make of these jurisdictions.

Suggested Citation

  • ., 2020. "Raising government revenue," Chapters, in: Rethinking Wealth and Taxes, chapter 2, pages 52-76, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19717_2
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    Cited by:

    1. da Silva Medina, Gabriel & Pokorny, Benno, 2022. "Agro-industrial development: Lessons from Brazil," Land Use Policy, Elsevier, vol. 120(C).
    2. N. N., 2021. "WIFO-Monatsberichte, Heft 1/2021," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(1), January.
    3. Allen, Darcy W.E. & Berg, Chris & Lane, Aaron M., 2023. "Why airdrop cryptocurrency tokens?," Journal of Business Research, Elsevier, vol. 163(C).
    4. Chintapalli, Prashant & Tang, Christopher S., 2022. "The implications of crop minimum support price in the presence of myopic and strategic farmers," European Journal of Operational Research, Elsevier, vol. 300(1), pages 336-349.
    5. Amankwah-Amoah, Joseph & Khan, Zaheer & Wood, Geoffrey & Knight, Gary, 2021. "COVID-19 and digitalization: The great acceleration," Journal of Business Research, Elsevier, vol. 136(C), pages 602-611.
    6. Daniela Kletzan-Slamanig & Franz Sinabell, 2021. "Der Beitrag der Konjunkturbelebung zur Transformation. Einordnung von Maßnahmen der Bundesländer," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(1), pages 67-78, January.
    7. Prager, Katrin, 2022. "Implementing policy interventions to support farmer cooperation for environmental benefits," Land Use Policy, Elsevier, vol. 119(C).

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    Keywords

    Economics and Finance;

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