Class Readings Of Real World Situations

2096 Words Aug 8th, 2016 9 Pages
B. Long answers (65 points total): These questions focus on the application of class readings of real-world situations. Answers could vary. A successful answer requires more in-depth analyses and elaborations with theoretical discussions and practical examples or data.

1. (25 points) Several states have declared sales tax holidays, in which the state does not collect sales tax on certain items for a short period of time. In most instances, the holiday has been for clothing, and the period has been a week or ten days in August, the idea being to give a “back-to-school” discount as families get ready for the new school year. However, states have gotten more adventurous with the idea in recent years and have enacted or proposed holidays for hurricane survival supplies, gasoline, Energy Star appliances, and guns and ammunition. Analyze the idea of such holidays according to (1) yield, (2) equity, (3) administration and compliance, and (4) economic impact.

The state of Florida, Texas, Ohio, and North Carolina office state sales tax holiday In August to give parents a break as a back to school incentive. Georgia, Tennessee, and Mississippi have a state sales tax holiday in July. The remaining states such as Arizona, California, Colorado, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Rhode Island, South Dakota, Utah, Vermont,…
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