Government Taxation Governments collect most of their revenue to fund public budgets

Government Taxation

Governments collect most of their revenue to fund public budgets through taxation. Without taxation, government would not be able to provide most goods and services. It is, therefore, imperative to understand the main types of taxation levied in the United States and their advantages and disadvantages.

In a three to four-page APA style paper (not including the title and reference pages), discuss the three major tax structures: income, sales, and property taxes, and the advantages and disadvantages of each according to at least three of the criteria for evaluating revenue options: adequacy of revenue production, equity, economic effects, collectability, and transparency. In addition to the text, cite at least two outside resources in your paper and use APA style as outlined in the approved APA style guide to document all sources.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Required Resources

Text

Mikesell, J. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Retrieved from https://redshelf.com/

Chapter 8: Taxation: Criteria for Evaluating Revenue Options

Chapter 9: Major Tax Structures: Income Taxes

Chapter 10: Major Tax Structures: Taxes on Goods and Services

Chapter 11: Major Tax Structures: Property Taxes

Articles

Brunori, D. (2014, March 19). Hawaii tax credit craziness (Links to an external site.). Forbes. Retrieved from http://www.forbes.com/sites/taxanalysts/2014/03/19/hawaii-tax-credit-craziness/

Harpaz, J. (2014, January 28). Will tax incentives make Austin the video game capital of the world? (Links to an external site.) Forbes. Retrieved from http://www.forbes.com/sites/joeharpaz/2014/01/28/will-tax-incentives-make-austin-the-video-game-capital-of-the-world/ 

Woodhill, L. (2014, April 6). Want jobs? Focus on incentives, not “stimulus.” (Links to an external site.) Forbes. Retrieved from http://www.forbes.com/sites/louiswoodhill/2014/04/06/want-jobs-focus-on-incentives-not-stimulus/