Earlier you learned that, as of 2020, nine states do not levy state income tax withholdings on their residents. Two of t
Posted: Sun Jun 05, 2022 9:01 pm
Earlier you learned that, as of 2020, nine states do not levy
state income tax withholdings on their residents. Two of these (New
Hampshire and Tennessee) collect tax on dividend and interest
income, but how do the other seven states (Alaska, Florida, Nevada,
South Dakota, Texas, Washington, and Wyoming) raise funds to run
government operations? In this exercise, you will use the Internet
to research the manner in which some of these states generate
revenues. Select three of the seven states listed above to
research. If you either live or work in one of these states,
include it in your selection. Use the Internet to research the
alternative methods utilized by these states to generate funds.
These may include different tax types, state-specific
revenue-generating activities, or other methods. For each state,
write a paragraph of at least four sentences in which you discuss
the manner in which these funds are raised
state income tax withholdings on their residents. Two of these (New
Hampshire and Tennessee) collect tax on dividend and interest
income, but how do the other seven states (Alaska, Florida, Nevada,
South Dakota, Texas, Washington, and Wyoming) raise funds to run
government operations? In this exercise, you will use the Internet
to research the manner in which some of these states generate
revenues. Select three of the seven states listed above to
research. If you either live or work in one of these states,
include it in your selection. Use the Internet to research the
alternative methods utilized by these states to generate funds.
These may include different tax types, state-specific
revenue-generating activities, or other methods. For each state,
write a paragraph of at least four sentences in which you discuss
the manner in which these funds are raised