Problem:
Suppose the state of California approved the use of local option income taxes (personal and corporate). You work in the finance department of a county government and the country is considering adopting the income tax. What would you advise your supervisors to take into account when considering adoption of this measure? That is, what factors should influence their decision and how should the tax be structure? Would your answer be any different if you worked for a city government? Explain in detail and show all work