1. Revenue and Expenditures

2. Federal Revenue Sources
individual and corporate income taxes (#1)
payroll taxes (#2)
excise taxes
estate taxes
gift taxes
custom duties
tariffs
miscellaneous sources such as entrance fees to national parks,…

3. Federal Expenditures Social security (#1) Medicare income security
Medicaid
national defense (#2)
interest on the national debt
various programs for education, highways, natural resources,…
specialized depts. and agencies that provide services

4. State Revenue Sources intergovernmental revenues sales taxes
excise taxes
estate taxes
contributions
corporate and individual income tax
higher education
property tax
fines
fees: user fee, disposal fees, impact fees, licenses, permits
inheritance tax

5. State Expenditures Miscellaneous public welfare
colleges and universities
employee retirement plans
highways
hospitals and health
various other state agencies and facilities

6. Local Revenue intergovernmental revenues property tax
water and electric utility systems
sales taxes
local income taxes
fines and fees

7. Local Expenditures elementary and secondary education
miscellaneous water and electric power
police and fire protection
hospitals and health
interest on debt