Strayer PAD505 Week 10 DQ2

PAD 505 Week 10 DQ2
PAD 505 Week 10 DQ2
“General Taxes” Please respond to the following:
Review the following scenario and then analyze the impact of tax
holidays on the budget.
(a) Scenario: Several states have declared sales tax holidays for
which the state does not collect sales tax on selected items for those day or
days. In most instances, the holiday has applied to purchases of clothing and
the period has been a week to 10 days in August. The primary reason is to
provide a “back-to-school” discount as families get ready for the upcoming
year. However, in recent years, some states have proposed or enacted holidays
for hurricane survival supplies, gasoline, Energy Star appliances, and guns and
ammunition.
(b) Impact Analysis: Analyze the impact of tax holidays of up to
10 days in your state. Create a table with two (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