This topic contains a solution. Click here to go to the answer

Author Question: Describe severance taxes. What will be an ideal response?[br][br][b][color=gray]Question ... (Read 235 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
Describe severance taxes.
 
  What will be an ideal response?

Question 2

Define workfare.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

An ideal response would be:
In several states, severance taxes have been a key source of revenue. These are taxes on the privilege of severing, or removing from the land, such natural resources as coal, oil, timber, and natural gas. In the nation as a whole, severance taxes account for only slightly more than 1 percent of all state taxes but a few states rely heavily on them. Severance taxes are the main tax source in Alaska, where they make up more than 50 percent of tax collections, and Wyoming (46 percent), New Mexico, Montana, North Dakota, and Oklahoma also get more than 10 percent of their tax revenue from the severance tax. Although 35 states have some type of severance tax, significant revenues from it are not available to most because they do not produce large amounts of natural resources. Tax revenues from severance taxes go up and down with the price of oil, gas, and coal. The state and local taxes described here do not begin to exhaust the kinds of taxes collected by state and local governments. Admission taxes, stock transfer taxes, inheritance taxes, pari-mutuel taxes, and taxes on utilities and insurance are also common.

Answer to Question 2

An ideal response will be:
Workfare refers to a welfare strategy adopted by some states that gives able-bodied adults who do not have preschool-age children the opportunity to learn job skills that can lead to employment.




shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jul 9, 2018
YES! Correct, THANKS for helping me on my review


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

For a complete list of videos, visit our video library