General revenue

Government revenues raised without regard to the specific purpose for which they might be used. Federal general revenues come principally from personal and corporate income taxes and some excise taxes. State general revenues come primarily from personal income and sales taxes. Most proposed national health insurance programs would be financed in part from general revenues in addition to whatever financing might be obtained from premiums, cost-sharing and payroll taxes whose revenues are used only for the program. The expenditure of general revenues is determined by legislative authorizations and appropriations.


 


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