Franklin County is in dire financial straits and is considering a number of sources for additional revenue.

Question:

Franklin County is in dire financial straits and is considering a number of sources for additional revenue. Evaluate the following possibilities in terms of anticipated tax payer compliance.
a. A property tax on business inventories.
b. A tax on intangibles (i.e., and bonds) held as investments.
c. A property tax on boats used for recreational purposes.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...