LO.4 Franklin County is in dire financial straits and is considering a number of sources for additional
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LO.4 Franklin County is in dire financial straits and is considering a number of sources for additional revenue. Evaluate the following possibilities in terms of anticipated taxpayer compliance:
a. A property tax on business inventories.
b. A tax on intangibles (i.e., stocks and bonds) held as investments.
c. A property tax on boats used for recreational purposes.
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Related Book For
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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