How to Make Up for the Lost Revenue and Type of Tax That Covers the Lost Revenue (Essay Sample)
This was an essay paper where the writer was instructed to pick a state and discuss HOW IT makes up for the lost revenue and the type of tax that COVERS the lost revenue. further instructions were to list the top three taxes and the total yearly amount collected, then compare what indiana COLLECTS in the same year.
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Nevada’s Revenue
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Nevada’s Revenue
Everyone would love to live in a state that is income tax-free. The people’s wish is to see the tax bills lowered so that they would spend less on their purchases and improve their living standards. Today, there are states which do not levy an income tax. Such states usually compensate for the lost revenue by reducing services and coming up with other taxes. Other states, such as Washington, only levy tax on capital gains and investment income for specific high earners. An example of a state with no income tax is Nevada.
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