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
Word sense of a word are related to each other within a semantic field. A common pattern is that one sense is broader and another narrower. This is often the case in technical jargon, where the target audience uses a narrower sense of a word that a general audience would tend to take in its broader sense. For example, in casual use "orthography" will often be glossed for a lay audience as "spelling", but in linguistic usage "orthography" (comprising spelling, casing, spacing, hyphenation, and other punctuation) is a hypernym of "spelling". Besides jargon, however, the pattern is common even in general vocabulary.