Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You were just elected Governor of your assigned state.You want to propose a brand-new tax and revenue system for your state.You have summoned your key

You were just elected Governor of your assigned state.You want to propose a brand-new tax and revenue system for your state.You have summoned your key staff who you want to put a proposed tax plan together for your review.(a) Explain to them how important (or not)eachof the following tax or revenue characteristics are to you andwhythey are, or are not, important to you: adequate; progressive; exportable; diversified; user/benefit correlation; discouraging or encouraging specific consumption to achieve a social goal; transparent; simple; market neutral; competitive.(b) With respect to each characteristic above, give your staff guidance on which taxes or revenues you want them to consider or reject when preparing their proposal.(c)Finally, tell themwhyyou would, or would not, want a lottery to be a part of the plan they give to you.

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

Students also viewed these Finance questions