This highly respected text is specifically geared for junior,senior and graduate courses in public finance,taxation and legal studies taught in departments of Economics,Public Policy,and Public Administration. It offers a broad view of the functioning of the public sector and its role in a democratic society. Widely adopted in previous editions,the new Fifth Edition has been reworked throughout,including extensive updating to allow for legislative changes,changes in data,and new theoretical developments. It includes in-depth coverage of the Tax Reform Act of 1986 and its implications today.
i learned that tax can imply trickle-down effect for cycle of economic. tax should be levied using two principle,such as benefit principle and ability to pay principle,,,