Brief Writing Assignment No 2 (2)
Instructions
you have to use the article provided within the instruction to demonstrate your understanding.answer both of the questions
Answer
Impact of theThe Tax Cuts and Jobs Act on State Budget and Donor BehaviorThe proposed changes to state and local tax reductions as well increased standard deductions are likely to have a major impact on state budget and donor behavior. Increase state and local budget strains as well as reduced donor behavior are the main consequences that could arise with reduced deductibility and increased standard deductions respectively.Reduced deductibility in the state and local taxes will most likely impact negatively on the budgets of high-income tax states. Prior to the reduction, it is arguable that the tax reductions tend to favor those in high-income taxes since they are able to itemize their tax cuts to enjoy the benefits offered by the federal reductions (Ahroni, Pilato , and Silliman)...
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