Chapter 16

Government’s Share of the Economy Has Grown Sharply in This Century

Government Spending Is Highest in High-Income Lands

State and Local Governments Concentrate on Local Public Goods

Progressive, Proportional, and Regressive Taxes

History of Top Marginal Tax Rate
in the United States

Property and Sales Taxes Dominate at State and Local Levels

Response of Work to Taxes Depends on Shape of Supply Curve

Who Pays the Taxes and Who Benefits from Transfers?

The Laffer Curve