Economics
Post University Ohio Sales Tax Discussion

Question Description

I’m working on a Economics question and need guidance to help me study.

Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not.

  • Discuss the merits of this exclusion in terms of both efficiency and equity.
  • Consider your own home state, does it exclude necessities, why or why not?
  • As with all things, one decision can lead to another. Once necessities are excluded, “necessities” must be defined. Research the tax definition of “necessity” in your state (or another if your state does not exclude) and evaluate it.

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Final Answer

Attached.

Running Head: MICROECONOMIC DISCUSSION

Microeconomic Discussion
Institution Affiliation
Date:

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MICROECONOMIC DISCUSSION

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Essentially, the purpose of exempting some of the items from taxation is to reduce the
liability on some products. Removal of tax obligations on necessitates as food and clothing aim
at bridging the equality gap. These are necessities of life and need ...

benwamonicah (21861)
UIUC

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