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by djur
1944 days ago
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The problem with that is that there is no direct correlation between tax receipts and budget outlays. Money being spent in 2021 is not being "paid for" by taxes received in 2021, or for that matter in 2022, 2023, or any other particular year. That's the theoretical problem; the practical problems you encounter as a result include how you deal with programs that are technically 'paid for' by specific taxes (do you try to present those separately or exclude them?), how you account for budget deficits (do you present a breakdown that adds up to >100% of the tax bill?), and how you deal with tax expenditures. |
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