Strayer PAD 505 Fiscal Administration Week 7 Discussion 1

Week 7 Discussion 1

“General Taxes.” Please respond to the following: 

Several states have declared sales tax holidays, in which the state does not collect sales tax on certain items for a given period of time. In most instances, the holiday has applied to purchases of clothing and the period has been a week to 10 days in August, the idea being to give a “back-to-school” discount as families get ready for the new year. However, states have gotten more adventurous with the idea in recent years, and some have enacted or proposed holidays for hurricane survival supplies, gasoline, Energy Star appliances, and guns and ammunition.

• Analyze the impact of tax holidays in your state. Create a table with two (2) columns. The first column should list Yield, Equity, Administration and Compliance, and Economic Impact. The second column should explain the impact of tax holidays in each area.