Finance

Fiscal Incidence

Fiscal Incidence

In Fiscal Incidence concept, governments withdraw assets from society such as taxation, and contribute resources into society such as expenditures. Fiscal incidence is a concept within open finance, a sub-discipline in economics, that describes the combined entire economic impact regarding both government taxation and expenditures about the real economic income of people. Fiscal incidence would be the term for the complete impact of govt taxing and investing considered together.