the chapter on. overview of federal taxation. end. or too afraid. and the first question we assumed was attacked. I think we had to resort to private to the public sector. wine is attacked for doing warned the Texas to fall into doing well. another way of saying a transfer of resources from the private to the public sector that's not to be no such characteristics of attacks. taxes can answer. and not a beneficiary charge. it's compulsory but not confuse the Tories. based on pre made predetermined criteria. certain predictable. and indeed should have specific economic and social objectives that the characteristics of attacks. why do we have tax? in the whole scheme of things. when it actually fit in. we use the tax law to accomplish. certain to hold social policy. as you can see him slide number of the team we've got to virtually new tax law every year in some cases we do that too. in two thousand and four. we had to be removed. of the change in our a economic. um macroeconomic economy from the tax law. several attempts were made to redistribute income or ignite the area's resources and movements of resorts to in industries that were suffering because of economic way. it could be in doubt and five there was three. different tax effects including an anti tax incentives next to the next goal opportunity so Mac. act two more ago. oh wait we head for the economic stimulus Act the worker retiree employee recovery act. doubts in the housing Act and the heartland habitat Harbison told the cool toy. every year we had a weak one. tax. the act. we said earlier tax laws are instruments of social policy education. yes it to coat. in the tax law that cover scholarship. employer recruits reimbursement for education. so one way of motivating. educational achievement building skills and training Adelaide before. the tax will reappear in savings and retirement accounts. we use attacks was to generate dear readers. tax incentives to move resources from current. consumption to future. housing is another here we are where we have that used to tackle. to motivate investment in housing. home mortgage interest deduction. building low income housing. we've created credit. because the private market may not have the significance and did so efficient that the. you have. builders. move resources in areas where the rates of return a lower than in the other. neighborhood development. further example of our end. light eighteen tax lawyer instruments social policy employment. research and development natural resource development charitable giving. child and dependent care adoption. war theory is social policy. what's a tax expenditure of tax expenditure is defined as revenue was feeling protective particular items of income or a local island a deduction or credit to reduce the tax than otherwise would be paid. white twenty two tells you exactly. with the ten largest tax expenditures for income tax to the YouTube housemate. what tax profit briefing book. notice the deduction for mortgage interest on owner occupied homes. covers about eighty twenty five billion dollars in tax revenue that is not collected because of that production. a man of course the exclusion for employer contributions medically sure its premium. in the lot. their advantages and disadvantages of text and the Jews first direct expenditure. um but generally speaking. the last comment to this. read statement to the eye with a tax structure generally been the base. what should be tax property tax and income tax and that we tax which the tax rate. and there is basically our present day shoot. as a test.