Financing our Common Purposes (F-2)
Description
Government meets its expenditures mainly through taxes. Taxes are a financial charges collected by the government and its functional equivalents for meeting certain state expenditures, such as on wars, law and order enforcements, infrastructural projects(roads, irrigation, etc.), education, health, pensions for the elderly, benefits for the unemployed persons, operation of governmental departments, etc. Government always try to distribute the burden of tax among different classes of individuals in accordance to their income levels by applying differentiated taxes and tax rates. Nevertheless, government budget generally don't balance, hence it has to borrow for these deficits which in turn gives rise to public debt. Managing public finance is not easy despite of its importance.
As soon as public service ceases to be the chief business of the citizens, and they would rather serve with their money than with their persons, the State is not far from its fall. -Jean Jacques Rousseau, Philosopher, Writer, and Composer-
In the additional resources section to the right is a collection of related public service narratives "Ask me why I care, "under "Tell your story." They were curated by the University of Nebraska at Omaha College of Public Affairs and Community Service in a Public Service Stories Project. Project Co-Directors are Dr. Mary Hamilton and Ms. Rita Paskowitz. The collection includes videos and Suggested Assignments for Students.
Collection Items
Daniel W. Bell, Undersecretary of the Treasury, Washington D.C. 1939
Tax expert favors incentive taxation, 1942
Tax expert favors incentive taxation. Washington, D.C., Dec. 12. Lovell Parker, who resigned last year after serving 12 years as tax expert for the Joint Congressional Finance Committee, today told the Senate…