What implications have had for how states raised revenues


Problem

The tax reform of 1986 eliminated tax deductibility of state sales taxes, but retained it for state income taxes. What implications should this have had for how states raised revenues? In fact, the share of individual and corporate income taxes in total state revenues today is lower than it was in 1980. How might you explain this?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What implications have had for how states raised revenues
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