Fiscal incidence also produces regular estimates of the impact of government taxes and spending on household income. Fiscal incidence Fiscal incidence is a concept within public finance, a sub-discipline within economics, that refers to the combined overall economic impact of both government taxation and expenditures on the real economic income of individuals. While taxation reduces the economic well-being of individuals, government expenditures raise their economic well-being. Fiscal incidence is the term for the overall impact of government taxing and spending considered together. In theory, governments withdraw resources from society in the form of taxation, and contribute resources back into society in the
American (word) American (word) The meaning of the word American in the English language varies according to the historical, geographical, and political context in which it is used. "American" is derived from "America", a term originally denoting all of the New World (also called the Americas). In some expressions, it retains this Pan-American sense, but its usage has evolved over time and, for various historical reasons, the word came to denote people or things specifically from the United States of America. In modern English, "American" generally refers to persons or things related to the United States of America; among native English speakers