GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tax Expenditures Definition?
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Transfer of money from the federal government to state and local governments in pursuit of national objectives
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Special advantages in the tax code to create incentive for behavior the government wants to encourage
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Governmental programs through which an individual is automatically guaranteed services because the individual meets requirements set in law
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The separation of political decision-making from administrative policy implementation
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Explanation:
Detailed explanation-1: -Tax expenditures are government revenue losses from tax exclusions, exemptions, deductions, credits, deferrals, and preferential tax rates. They are a counterpart to direct expenditures, in that they both are forms of government spending.
Detailed explanation-2: -Tax Expenditures Tend to Benefit Wealthier Taxpayers For example, households in the lower income quintiles receive most of their benefits from the earned income tax credit and child tax credit.
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