Collection Cost

– Discuss all the revenue sources your state has. Discuss all types of income, sales, and property taxes as well as nontax income (user fees and charges, lotteries, etc) your state has. Make sure you analyze every tax and other sources of revenue from the following perspectives:
o Yield
o Equity
o Economic Neutrality
o Collection Cost
o Transparency.
When you discuss these five criteria make sure you discuss not only the revenue sources themselves but tax preferences (credits, exemptions, exclusions, deductions, and tax margins) related to these revenue sources in your state.

You may find the report issued by the Center for Budget and Policy Priorities (and links provided by the report) helpful to find relevant information about tax preferences in your state: http://www.cbpp.org/files/4-9-09sfp.pdf

– What are the current and future concerns related to the tax system in your state? Are they peculiar to your state or do other states’ or Federal governments have to deal with similar issues?

Note: You may find US Census of Federal, State, and Local governments as one of the useful sources of general information for your assignment: http://www.census.gov/govs/
Use GDP deflator if you need to find real values. GDP deflator can be found in Table 10.1 here: http://www.whitehouse.gov/omb/budget/Historicals
Another useful source should be the Department of Revenue in your state as well as other relevant web sites.
Search for Comprehensive Annual Financial Report (CAFR) of your state. Statistical section of CAFRs will be especially valuable for all your assignments.
You may also find interesting tax facts about your state on http://taxfoundation.org/ web site.

Last Completed Projects