It is sometimes argued that state revenue generated by lotteries is different from tax revenue because people
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It is sometimes argued that state revenue generated by lotteries is different from tax revenue because people choose to buy lottery tickets. Compare three state revenue sources – cigarette excise taxes, personal income taxes, and state lotteries – in terms of the usual economic criteria of economic efficiency, equity, and administrative cost. Do all three arise from voluntary acts of taxpayers, and does that matter for the economic analysis?
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Lets compare three state revenue sources cigarette excise taxes personal income taxes and state lotteries in terms of the usual economic criteria of economic efficiency equity and administrative cost ...View the full answer
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