USC 346 Texas Income Tax Review Paper

USC 346 Texas Income Tax Review Paper

Description/Paper Instructions

USC 346 Texas Income Tax Review Paper

Questions:

1. According to the article, how many U.S. states have no personal income tax? Given Texas does not have a personal income tax, on what sources of revenue does Texas primarily rely to finance public goods and services?
2. The article discusses the implications of Texas’ having no state income tax for overall levels of funding for public services, and in particular for education. How does the state compare with other states in terms of per pupil expenditures on education? Besides not having a personal income tax, what other explanations does the article offer for the state’s levels of education funding?
3. The article discusses some possible advantages and disadvantages of personal income taxes relative to other forms of taxation. What does the article suggest is one possible downside of income taxes (relative to other types of taxes typically levied by state and local governments)? What does the article suggest is a possible downside to sales taxes (relative to income taxes)?

I do not need the whole paper, please answer the question in order. Like Question 1…… Question 2….

Economics Discussion

What are the advantages and disadvantages of front-end and back-end fee loads for investors in mutual funds?

If 10-year Treasury bills have a yield of 1% and the expected inflation rate over the next year are expected to be 2.25 percent, what does this mean about the real rate of return for these investments? Why would investors make such invests?

Loaded Fund started the year with a NAV of $28.38. By the end of the year, it’s NAV had risen to $30.32. The fund paid year-end distributions of income and capital gains of $1.25. What was the pretax return to an investor in the fund?

Given the information above, what is the mean and standard deviation of HPR?

How does the answer to #4 change if the probability of recession rises to 0.5 and boom falls to 0.2?

Auburn University-Montgomery Economics Book Report

Read the paper and answer the question.

1.During the transition in Brazil, how did the fertility rate of skilled and unskilled parents change and why?

2. During the transition in Korea, why did the fertility rate of unskilled parents fall while fertility rate of skilled parents increases?
3. Explain why general equilibrium is important for the quantitative results of the paper.
4. picture linked below.