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choose the term that best matches the description given. The sales tax in Florida refers to _______. Ecological factors; political environment; economic factors; technology factors; demographic factors.

User Rakesh L
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Final answer:

The sales tax in Florida is best described as an economic factor, reflecting the state's strategic use of its tourism industry to generate revenue without imposing a personal income tax.

Step-by-step explanation:

The term that best matches the description of the sales tax in Florida is economic factors. Sales taxes can affect the economy by influencing consumer behavior, resource allocation, productivity, as well as impacting how individuals save and spend. In Florida's case, the state leverages its attractive climate to tourists and retirees to generate revenue without the need to impose a personal income tax, relying more heavily on sales tax as a significant source of revenue for state finances. States with unique economic advantages, like Florida's tourism industry, may adjust their taxation strategies accordingly, which reflects one of the many economic factors at play in policy making.

User LazerSharks
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