individua land corporateincome ). H u m a n i t i e s
Consider the following questions for discussion:
1. Discuss the 2018 reform of the federal income tax(both individua land corporate
the efficiency and equity of the marginal tax rates, the exemptions and
deductions, and the tax credits.
and corporate income.
revenue of the federal income tax.
2. Does the current use of the sales tax constitute a good revenue source?
3. How has the property tax changed overtime for local governments?Whatare the advantages and disadvantages of the property tax as a revenue source? Are you aware of specific property tax-related reforms or proposals for reforms? If yes, how did the course influence your understanding of these?
4. Discuss one strategy for revenue diversification used by local governments based on the assigned readings. What is your understanding of the advantages and disadvantages of that strategy? Provide your own examples in this discussion, if you can identify such, based on your experience with local government services.
References to help:
Public Budgeting Systems (9th ed.)
- Chapter 5: “Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes” (pp. 133–164)
- Chapter 6: “Budgeting for Revenues: Transaction-Based Revenue Sources” (pp. 165–185)