Sales Tax

ECONOMIC DEVELOPMENT CONSIDERATIONSSALES TAXSEPTEMBER 28 , 2006ECONOMIC DEVELOPMENT CONSIDERATIONSSALES TAXOBJECTIVEThe objective of this clear is to discuss issues from the viewpoint of both the citizen and the Budget Director . Reviewed leave be issues of `volatility , `reliability , and `equity as advantageously as how the electric shocks activities of government such as frugal phylogenesis community initiatives and service provision . Finally this work testament answer the question of whether there argon any opposite assesses or revenue sources to substitute for the as well as stating why or alternatively why there is not an existing substituteI . INTRODUCTION : SALES TAX ECONOMIC DEVELOPMENT gross sales taxes ar collected at the local and state levels and utilized by the government in service provision to the citizens of the united States . The United States imposes es in both state and local administrations in which the customer is charged .a combined rate which bundles together (USA Sales Use Tax , 2006 ) the state tax with the local tax . A merchant is required to charged a if the trading has nexus . A nexus is defined as a substantial sensible presence (USA Sales Use Tax , 2006Not all products are subject to the and different states exempt difference products . Sales taxes are applied on the end purchase of goods in retail sales . Economic development has been defined as a multi-faceted approach to the development of policies and programs designed to preserve , enhance and bear on a vibrant and successful business community (Economic outgrowth Action plan 2005 ) The health and success of the businesses in communities are stated to be .

directly linked to the quality of life go through by residents in that community (Economic Development Action Program , 2005 which is of primary importance to the entire city or municipality cosmea of jobs and generation of revenues provide a major contribution to depot the initiatives of service provision with the city The economic development inside a city of municipality is bang-uply dependent on revenues in most U .S . statesII . VOLATILITY , RELIABILITY , AND EQUITY` unpredictability and `Reliability are the two primary considerations of a cypher director when revenues increase by taxes are spent on new initiatives . Hirsch et al state that Reliability and Volatility are that which marks the outcome of the question which asks : Are new revenues raised by the taxes relatively stable over time or are they excessively volatile and difficult to predict ? It is a fact that generation of revenues from es may be capricious since these revenues are greatly dependent on seasonal factors and economic conditions therefore merchants may experience a really great Christmas hence the revenues for the government provide be great as well however , a lean year for merchants will also result in the coffers of the government for spending in economic development being quite thin as well . In a journal article relating to the impact of on the economy of the state of California...If you want to get a full essay, order it on our website: Orderessay

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