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Home Public Revenue and Taxation Sources of Public Revenue

Sources of Public Revenue:

 

Modern states have to perform multifarious duties for promoting the welfare of their citizens. For the performance of these functions, money is needed. Every government, therefore, tries to meet its annual expenditure from taxes and from sources other than taxation. The revenue, of the state can be classified under the following heads.

 

(i) Revenue from private income: A government derives revenue from citizens by taxation and from other non-tax sources such as fees, prices, special assessments,, rates, etc.

 

(ii) Irregular revenue: Under this heading, we can include all items such as gifts, penalties, war indemnities, etc.

 

(iii) Revenue from state ownership: A government also obtains income from the different assets which it owns. For instance, government receives money from state buildings, crown lands, and other productive enterprises such as railways, postal service, canals, etc.

 

We have classified public revenue under various heads. Let on now make a clear distinction between all these various types of taxation.

Relevant Articles:

Sources of Public Revenue
Types of Taxes
Canons/Principles of Taxation By Adam Smith
Essentials/Features/Characteristics of a Good Tax System
Theories of Taxation
Proportional Versus Progressive Taxation
Taxable Capacity
Impact and Incidence of Taxation
Direct Tax and Indirect Tax
Diffusion Theory of Taxation
 

Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance
History of Money

 

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