lectures in macroeconomics- charles w. upton government taxing and borrowing
Post on 21-Dec-2015
218 views
TRANSCRIPT
Lectures in Macroeconomics- Charles W. Upton
Government Taxing and Borrowing
0
0.02
0.04
0.06
0.08
0.1
0.12
1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999
Government Taxing and Borrowing
Our Objective
• This is a descriptive section. Here, we present some data on government taxation and borrowing.
Government Taxing and Borrowing
Our Objective
• This is a descriptive section. Here, we present some data on government taxation and borrowing.
• The discussion revolves around graphs showing government taxation and borrowing, usually as a percentage of GDP.
Government Taxing and Borrowing
How the Feds Tax, 1940-2003
0
0.2
0.4
0.6
0.8
1
1.2
1940
1943
1946
1949
1952
1955
1958
1961
1964
1967
1970
1973
1976
1979
1982
1985
1988
1991
1994
1997
2000
2003
FIT
CITOASI
Other
% of Federal Taxes by type
Government Taxing and Borrowing
How the Feds Tax, 1960-2003
0
0.2
0.4
0.6
0.8
1
1.2
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
FIT
CITOASI
Other
Government Taxing and Borrowing
Income Taxes 1960-2003
0
0.02
0.04
0.06
0.08
0.1
0.12
1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999
As % of GDP
Government Taxing and Borrowing
Income Taxes 1960-2003
0
0.02
0.04
0.06
0.08
0.1
0.12
1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999
Government Taxing and Borrowing
Production and Import Taxes
0
0.005
0.01
0.015
0.02
0.025
0.03
1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000
1959-2002 as % of GDP
Government Taxing and Borrowing
Corporate Income Tax
0
0.005
0.01
0.015
0.02
0.025
0.03
0.035
0.04
0.045
0.05
1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999
1959-2002 as % of GDP
Government Taxing and Borrowing
OASI
0
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999
1959-2002 as % of GDP
Government Taxing and Borrowing
How the States Tax
0
0.2
0.4
0.6
0.8
1
1.2
1932
1938
1944
1950
1954
1957
1960
1963
1964
-65
1967
-68
1970
-71
1973
-74
1976
-77
1979
-80
1982
-83
1985
-86
1988
-89
1991
-92
1994
-95
1997
-98
2000
-01
Property
Sales
Other
Federal
Income
Corp Profits
% of State Taxes by type
Government Taxing and Borrowing
State and Local Taxes, 2001
Property Taxes
Sales Taxes
Income Taxes
Corporate Income Taxes
Federal Government
Other
Government Taxing and Borrowing
Federal Borrowing, 1934-2003
-35.0
-30.0
-25.0
-20.0
-15.0
-10.0
-5.0
0.0
5.0
10.0
1934 1938 1942 1946 1950 1954 1958 1962 1966 1970 1974 1978 1982 1986 1990 1994 1998 2002
Deficit as % of GDP
Government Taxing and Borrowing
Federal Borrowing, 1960-2003
-7.0
-6.0
-5.0
-4.0
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000
Deficit as % of GDP
Government Taxing and Borrowing
Debt-GDP Ratio, 1939-2003
0.0
20.0
40.0
60.0
80.0
100.0
120.0
1939 1943 1947 1951 1955 1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999 2003
Government Taxing and Borrowing
Debt-GDP Ratio, 1960-2003
0.0
10.0
20.0
30.0
40.0
50.0
60.0
1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000
Government Taxing and Borrowing
% of Federal Debt Held by Public
1950 2003
Government Taxing and Borrowing
End
©2004 Charles W. Upton. All rights reserved
Data are from Statistical Appendix of
Economic Report of the President