Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Respond in agreement with The collection of sales tax plays a crucial role in funding both state and federal governments. With the Supreme Court's ruling

Respond in agreement with "The collection of sales tax plays a crucial role in funding both state and federal governments. With the Supreme Court's ruling allowing taxes on internet purchases, it eliminated a significant discount for early adopters of online shopping. Previously, a 7% or 8% savings could be easily achieved by buying a TV online compared to in a physical store. The positive aspects of collecting sales tax are apparent. These funds contribute to various government programs that aim to benefit the people of the country. They support infrastructure projects, education, healthcare, and other essential services. However, there are negative aspects to consider as well. One concern is that higher sales tax collection will result in more revenue for the government, potentially leading to increased government spending. At a time when many people feel that the government is already mismanaging its funds, this can be a source of frustration and distrust among taxpayers. Overall, while the collection of sales tax is necessary for government operations, it's essential for governments to use these funds responsibly and transparently to maintain the public's trust

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Paul Krugman, Robin Wells

4th Edition

1464143870, 9781464143878

More Books

Students also viewed these Economics questions

Question

3. Make extra-credit work available to add points to course grades.

Answered: 1 week ago

Question

Explain how the operating and cash budget benefit the entity

Answered: 1 week ago