Fiscal incidence 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 form of expenditures. However, the burdens of taxation are not borne equally by individuals, and
Four-letter word Four-letter word The phrase four-letter word refers to a set of English-language words written with four letters which are considered profane, including common popular or slang terms for excretory functions, sexual activity and genitalia, terms relating to Hell or damnation when used outside of religious contexts or slurs. The "four-letter" claim refers to the fact that a large number of (but not all) English "swear words" are incidentally four-character monosyllables. This description came into use during the first half of the twentieth century. Common four-letter words (in this sense) that are widely considered vulgar or offensive to a notable degree