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Wednesday, August 12, 2020 | History

4 edition of Growth and variability in state tax revenue found in the catalog.

Growth and variability in state tax revenue

an anatomy of state fiscal crises

by Randall G. Holcombe

  • 105 Want to read
  • 39 Currently reading

Published by Greenwood Press in Westport, Conn .
Written in English

    Places:
  • United States
    • Subjects:
    • Revenue -- United States -- States.,
    • Taxation -- United States -- States.,
    • United States -- Appropriations and expenditures, State.

    • Edition Notes

      Includes bibliographical references (p. [195]-199) and index.

      StatementRandall G. Holcombe and Russell S. Sobel.
      SeriesContributions in economics and economic history,, no. 189
      ContributionsSobel, Russell S., 1968-
      Classifications
      LC ClassificationsHJ2385 .H65 1997
      The Physical Object
      Paginationxvi, 203 p. :
      Number of Pages203
      ID Numbers
      Open LibraryOL660239M
      ISBN 100313304238
      LC Control Number97005597

        However, taxes on income are the preferred method at the federal and state levels. Individual income taxes and payroll taxes were two highest earners for the government in by far. The Variability of Potential Revenue from a Tax on Carbon. Implementing a carbon tax in the United States could help reduce the large and growing federal budget deficit as well as emissions of carbon dioxide. Issue Brief by Karen Palmer, Anthony Paul, and Matthew Woerman — May 1,

        The model evaluates how closely a state's revenue portfolio is constructed to minimize variability in total state tax revenue. The model complements parametric methods of revenue variability. Keywords: state revenue, variability, portfolio, taxes. JEL Classification: H71, G Two-thirds of state taxes are therefore generated by sales and excise taxes. Individual income taxes make up about 34 percent, and corporate income taxes only 5 percent, of state tax revenue. Property taxes constitute only about 2 percent of state tax revenue (Census Bureau, ). The percentages vary from year to year, of course, and the.

      • pp Change in Per Capita Sales Tax Revenue • pp Change in Per Capita Individual Income Tax Revenue • pp Change in Per Capita Corporate Income Tax Revenue • and Aer – 1% Change in Coincident Indicator • pp.   State Tax & Revenue Information report Below is a list of notable resources for information on state taxes and revenues: Alabama. Alabama Department of Revenue; Alabama Department of Finance – Executive Budget Office Fairness Matters: A Chart Book on Who Pays State and Local Taxes Read as PDF Jump to Charts OverviewThere is significant.


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Growth and variability in state tax revenue by Randall G. Holcombe Download PDF EPUB FB2

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises (Contributions in Economics & Economic History Book ) - Kindle edition by Holcombe, Randall G., Sobel, Russell S. Download it once and read it on your Kindle device, PC, phones or tablets.

Use features like bookmarks, note taking and highlighting while reading Growth and Variability in State Tax Revenue 5/5(1). Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises (Contributions in Economics & Economic History) [Holcombe, Randall G., Sobel, Russell S.] on *FREE* shipping on qualifying offers.

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises (Contributions in Economics & Economic History)Cited by: State Government Taxes Budgeting for Stability: Some Principles Measuring Cyclical Variability The Cyclical Variability of State Government Revenues The Variability of State Income and Sales Taxes Is There a Trade-Off between Variability and Growth in State Government Tax.

Get this from a library. Growth and variability in state tax revenue: an anatomy of state fiscal crises. [Randall G Holcombe; Russell S Sobel] -- During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands.

This volume shows that state fiscal crises have only one. GROWTH AND VARIABILITY OF STATE INDIVIDUAL INCOME AND GENERAL SALES TAXES*** RICHARD F. DYE* AND THERESE J. McGUIRE** ABSTRACT and variability of revenues are important Two important characteristics Of state to policymakers at all Growth and variability in state tax revenue book of govern-tax systems are the trend growth rate and ment, the growth and cyclical character.

Downloadable. State revenue variability is evaluated using a volatility model rooted in portfolio theory. The model evaluates how closely a state's revenue portfolio is constructed to minimize variability in total state tax revenue. The model complements parametric methods of revenue variability.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): ABSTRACT and variability of revenues are important state to policymakers at all levels of govern-Two important characteristics Of ment, the growth and cyclical character-tax systems are the trend growth rate and istics of taxes are of particular concern at cyclical variability of tax revenues.

The cyclical variability of state income and sales taxes is examined for each state by estimating the degree to which each tax follows the state's overall revenue cycle. Income taxes are found to be consistently more cyclically variable, and less predictable, than sales taxes. Factors explaining differences in cyclical variability across states are then identified in a regression model.

Ojong et al. () in their study on the impact of tax revenue on economic growth: Evidence from Nigeria, considered as independent variables, PPT, None Oil Revenue (NOR) and CIT while GDP as the.

State Tax Revenues: Charts and Data. Tax revenues increased in all but five states in fiscal yearwith some recording noticeable gains. In all, states collected $ billion, a record-high.

Our offices remain closed to the public. We can fully support you remotely. Visit our Contact page for options including live chat, phone, and submitting your questions electronically. Business Relief: Revenue is ready to do everything it can to help "businesses stay in business." Learn more.

Alivio para los negocios durante la pandemia de COVID | COVID Aumento de estafas para los. Book to Tax Terms: Book Accounting: Accounting used on a company’s audited financial statements.

Balance Sheets (assets, liabilities and equity) and income statements should be reported using U.S. GAAP. Tax Accounting: Income and deductions reported on tax return in accordance with the rules in the I.R.C. and attending regulations. The effects of state tax policy on economic growth, entrepreneurship, and employment remain controversial.

Using a framework that in prior research generated significant, negative, and. Our objective here is to investigate the growth pattern of VAT on GDP, the effect of the changes in VAT and target and VAT actual on the economy, and also the effect of VAT revenue on Tax revenue.

The value Added Tax decree of was established and was imposed on to replace sales tax. Cyclical Variability of Total State Sales and Income Taxes. The flow of tax revenue into a state will be procyclical because tax bases are procyclical.

For example, during recessions, income and sales will be adversely affected which will have an adverse effect on income and sales tax revenue. Tax revenue fell in the early s before and after the Bush tax cuts, only to rise again after the Bush tax cut.

What Drives Tax Revenues. As The Economist writer implies, economic growth is a major driver of the level of tax revenues. Slowdowns in economic activity tend to significantly reduce state tax revenue growth, making it difficult to fund existing programs.

This paper outlines tax reforms that policymakers may pursue to ease periods of fiscal stress. States can reduce the variability of revenue from the two most important sources, sales taxes and income taxes, by eliminating exemptions for food purchases and relying.

56 cents per dollar of tax revenue.4 Taxes, such as an income tax or a tax on goods and services with an inelastic demand/supply, tend to have a smaller impact on producer or consumer behavior and, therefore, cause less of a distortion in the economy.

At present, the economic efficiency. 6 hours ago  More Pressures, As Growth In Non-oil Export Revenue Stagnates The headwinds facing Nigeria’s economy has forced the value of Naira to decline 31 percent in seven months ended July But the pressure on the external sector seems headed for further deterioration as the nation faces rising risk of recording the first Year-on-Year, YoY.

The revenue base of state governments consists of taxes on property, on employers' payroll, and on the provision and use of goods and services. The sole source of taxation revenue for local governments is taxes on property.

Total taxation revenue collected in Australia increased $31,m (%) from $,m in to $,m in. Alaska had the highest overall volatility score——meaning the state’s total tax revenue showed wide variability from year to year, typically fluctuating within percentage points above or below its overall growth trend.

The next most volatile tax revenue streams were in Wyoming () and in North Dakota and Vermont (both ).Valuation Books for the Unorganized Territory. Below are links to the valuation books and map/lot indexes. Aroostook County Valuation Book.

Aroostook County Map/Lot Index. Franklin County Valuation Book. Franklin County Map/Lot Index. Hancock County Valuation Book. Hancock County Map/Lot Index.to determine a tax’s share of total tax revenue that minimizes the overall variability in total state tax revenue given a state’s portfolio of tax revenue sources.

Furthermore, by 1 Infor example, over 61 percent of tax revenue in Washington came from the state’s sales tax .