Economics · Applied
Public Finance & Taxes
What governments spend and how they pay: tax types, progressive vs regressive, marginal vs average rates, tax incidence, deadweight loss, the Laffer curve, deficits and debt, with US numbers.
Step 1 of 5 · Overview30 min read ·
Key idea
Prereqs: Supply & demand; elasticity. Next: Development economics; political economy. Sources: Jonathan Gruber, *Public Finance and Public Policy* (7th ed.); CBO budget data (FY2024); Tax Policy Center; Crash Course Economics #31.Next: 1. The US budget (FY2024, approx.)