governmental receipts Archives

Governmental Receipts (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Governmental Receipts photo credit: ben_osteen Collections from the public based on the government’s exercise of its sovereign powers, including individual and corporate income taxes and social insurance taxes, excise taxes, duties, court fines, compulsory licenses, and deposits of earnings by the Federal Reserve System. Gifts … Read more

Collections / Governmental Receipts / Offsetting Collections / Offsetting Receipts (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Collections photo credit: thewebprincess Amounts received by the federal government during the fiscal year. Collections are classified into three major categories: (1) governmental receipts (also called budget receipts or federal receipts), (2) offsetting collections, and (3) offsetting receipts. Governmental receipts result from the exercise of … Read more