Annual Tax Estimates

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5 comments

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    ScottL
    What kind of economic activity is the tax request for or is this a general request for tax estimates?
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    Marietta Olsen
    We have a set of the following IMPLAN sectors: 329 Retail Stores 386 Business Support 344 Directory, mailing list 319 Wholesale Trade 40 Maint & Repair Const 380 All Other Misc which we assume to be constant for all the quarters in a year. We are doing this at the statewide level.
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    ScottL
    Its based on an annual estimate so if its constant just divide the values by 4 for a quarterly estimate.
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    Marietta Olsen
    Let me put the question another way. Supposing we are given quarterly job figures and we need to estimate quarterly tax revenues. We're assuming the same set of economic activities for all the quarters. How do we get quarterly tax estimates given quarterly job figures using the model?
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    ScottL
    OK - sorry I didn't quite understand. If you enter jobs to drive your estimate, the model will assume that they are annual jobs. This is fine. The analysis will give you annual tax values. Simply dividing your tax estimate by 4 will give you the quarterly tax values.
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