Premium content available for purchase is identified in the left-hand Navigation Menu by the asterisk (*) which precedes the content name. Premium Content on this OLC includes:

1. Digital Study Guide, written by William Walstad
2. Paul Solman Videos (Chapter Content)

After reading this chapter, you should be able to:

1. Identify the main categories of government spending and the main sources of government revenue.
2. Summarize the different philosophies regarding the distribution of a nation's tax burden.
3. Explain the principles relating to tax shifting, tax incidence, and the efficiency losses caused by taxes.
4. Demonstrate how the distribution of income between rich and poor is affected by government taxes, transfers, and spending.