Homework: Taxes
By this point we have read about and discussed a number of different tax revenue generation avenues available to governments, especially those at the local level. We have also considered the "anti-tax" mentality that exists in a significant number of locales, in which the idea of raising any existing tax or creating any new tax is political/administrative suicide.
For this homework, you are to select a local community - preferably your own - and address the following:
1) What is the general tax characteristics of the community - does it rely heavily on property tax, for example, or is it a tourist community assessing out-of-towners a greater level of tax burden through hotel taxes? How does your community's government support itself?
2) What are the effects of those taxes on the local community? Does it affect business decisions to locate there or move away? How does the level of taxation and characteristics of the tax compare to surrounding locales (cities, counties, states)?
3) What is the attitude of the community regarding taxation?
4) What changes, if any, could the community make with regards to the form or levels of taxation that would improve the community? What issues are not addressed, or are suffering, through low/high/insufficient/improper levels of taxation?
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.