One response to revenue-raising limitations being placed on local government is to delete exemptions.Which exemptions would you delete?
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Get Help Now!One response to revenue-raising limitations being placed on local government is to delete exemptions. In the textbook, P. S. Flores offers the following examples of welfare and charitable groups enjoying property-tax exemption: YMCA, fraternal clubs, chambers of commerce, labor unions, the American Legion, Masonic lodges, orphanages, humane societies, hospitals, and retirement and nursing homes. Which exemptions would you delete? How would you justify it?
Two kinds of taxes not explicitly mentioned in Figure 11.6 are luxury taxes (for example, taxes on furs, jewelry, boats, and airplanes) and sin taxes (for example, taxes on alcohol, tobacco, oil, gasoline, and firearms). What impacts, secondary as well as immediate, do you think each kind of tax has?
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