Friday, October 12, 2012

Why Tax Revenue Isn't an Input

Tax revenue isn't an input because it is considered an output. On page 35 of the textbook it says this:

"The outputs are the implementations of the political process. These are the substantive impacts on the society, the economy, and the culture. They include various forms of extraction of resources in the form of TAXES and the like."

So the book classifies taxes as an output, not an input.

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