Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not.

Question:

Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not. Discuss the merits of this exclusion. Consider both efficiency and equity.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Dec 14, 2012 06:56 AM

See More Questions

Discuss the merits of using an integrated marketing communications program that encompasses a variety of communication tools to prevent drug use versus an approach that relies primarily on media...
Discuss the merits of a 50 percent hedging ratio.
Discuss the merits of different estimation alternatives for information systems projects. Discuss the ethical issues involved in each alternative.
4. (a) (c) 6 -6 5 6 5 7 6 (b) (d) -5 6 6 -7 [6-5] 7-6
Consider the isomorphism RepB: P3 R4. (a) Vectors in a real space are orthogonal if and only if their dot product is zero. Give a definition of orthogonality for polynomials. (b) The derivative of a...
Prepare the 2009 common-base year balance sheet for Just Dew It. JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current assets Current...
Where is the place of UML in the process of software development?
After careful comparison shopping, Dustin Creamer decides to buy a new Toyota Camry. With some options added, the car has a price of $23,558including plates and taxes. Because he cant afford to pay...
21 In the following we consider vectors x = 22 in R3. Determine (with 23 justification) whether the following sets are subspaces of R3. 1. (5pts) V = {x R | x1 = x2 = x3}
1. Why do project managers and senior general managers see the reasons for project difficulty differently? 2. Why do the potential problems correlate more strongly with poor performance than the...
Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee...
When someone owns an asset (such as a share of stock) that rises in value, he has an accrued capital gain. If he sells the asset, he realizes the gains that have previously accrued. Under the U.S....
Why are ratios so commonly used? What precautions are called for in their use?
Assume that a state government currently provides no child-care subsidies to working single parents, but it now wants to adopt a plan that will encourage labor force participation among single...
A recent article stated, Workers in lowwage jobs lack the basic security, the health benefits, and the flexibility in their work lives that most American workers take for granted. Assuming this...
Suppose Congress were to mandate that all employers had to offer their employees a life insurance policy worth at least $50,000 in the event of death. Use economic theory, both positively and...
Will government-mandated requirements to hire qualified minorities (at nondiscriminatory wages) in the same proportions they are found in the relevant labor force reduce the profits of firms that...
The way the workers compensation system works now, employees permanently injured on the job receive a payment of $X each year, whether they work or not. Suppose the government were to implement a new...
Write a Java statement that assigns the double variable, myDouble, to the int variable, myInteger.
Show that gj concave AHUCQ Abadie For nonnegative variables, we have the following corollary.
Which of the following statements about functional interfaces is true? A. It is possible to define a functional interface that returns two data types. B. It is possible to define a primitive...
The following tables show the domestic supply and demand schedules for bushels of flaxseed (used as an edible oil and a nutrition supplement) in the United States and Kazakhstan, with prices measured...
Lets sort the following eight items into private costs, external costs, private benefits, or external benefits. Theres only one correct answer for each of questions ah. a. The price you pay for an...
If the students at your school started saying thank you to friends who got flu shots, would this tend to reduce the undersupply of people who get flu shots? Why or why not?
What are the main ethical issues that researchers may encounter when conducting business research and how can they address these issues ?
How has womens participation in the Olympics changed over the years? Explain
What is the Christian view of work according to the God is Not One: The Eight Rival Religions That Run the World.

Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not.

Question:

Step by Step Answer:

Excluding food and clothing from the sales tax is justified on equity grounds ...View the full answer

Principles of economics

Students also viewed these Economics questions