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
John Bull's Adventures in the Fiscal Wonderland John Bull's Adventures in the Fiscal Wonderland John Bull's Adventures in the Fiscal Wonderland is a novel by Charles Geake and Francis Carruthers Gould, written in 1904 and published by Methuen & Co. of London. It is a political parody of Lewis Carroll's two books, "Alice's Adventures in Wonderland" and "Through the Looking-Glass". The book features 48 drawings after the originals by John Tenniel which were drawn by Francis Carruthers Gould. It is critical of the economic politics of the day, which John Bull tries to make sense of. A number of notable British politicians are identified in the book.