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 222 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
Gracias!


patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

For a complete list of videos, visit our video library