Revenue Streams For Public Organizations

Revenue Streams for Public Organizations

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Revenue Streams for Public Organizations

The feature of revenues referred to as the important factor for public organizations to meet the requirements of the civil services. Different forms of practical measures such as the taxes and user fees are provided by the public organizations at both federal and state level to attain the maximum form of the revenues. It is essential for public entities to adopt a different line of action to enhance the prospect of revenues ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"hhGnPZzp","properties":{"formattedCitation":"(Roach, 2010)","plainCitation":"(Roach, 2010)","noteIndex":0},"citationItems":[{"id":634,"uris":["http://zotero.org/users/local/7Hi3kAOD/items/89P8HKKT"],"uri":["http://zotero.org/users/local/7Hi3kAOD/items/89P8HKKT"],"itemData":{"id":634,"type":"article-journal","title":"Taxes in the United States: History, fairness, and current political issues","container-title":"Medford, MA: Tufts University Global Development and Environment Institute","author":[{"family":"Roach","given":"Brian"}],"issued":{"date-parts":[["2010"]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (Roach, 2010). It is observed that governments at different levels of local, state, and federal level adopt different forms of revenue streams to receive the required portion of the money in the form of revenues. It is worthy to mention that despite these forms of attempts, governments of the country still facing issues related to the domain of the revenues. Here the focus is to critically evaluate the facet of revenue streams referring to the domain of public organizations.

The current trend of the shortfalls of the revenue demands to adopt different reforms in the overall program of the collecting revenues from the public at different levels. There is a need for offering different and valuable reforms in particular cases of individual and corporate income tax rates, property taxes, and the approach of the sales taxes ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"d1McaMZe","properties":{"formattedCitation":"(Edgerton, Haughwout, & Rosen, 2004)","plainCitation":"(Edgerton, Haughwout, & Rosen, 2004)","noteIndex":0},"citationItems":[{"id":635,"uris":["http://zotero.org/users/local/7Hi3kAOD/items/3845QWHX"],"uri":["http://zotero.org/users/local/7Hi3kAOD/items/3845QWHX"],"itemData":{"id":635,"type":"article-journal","title":"Revenue implications of New York City's tax system","author":[{"family":"Edgerton","given":"Jesse"},{"family":"Haughwout","given":"Andrew"},{"family":"Rosen","given":"Rae D."}],"issued":{"date-parts":[["2004"]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (Edgerton, Haughwout, & Rosen, 2004). It is important for the governments to consider the features of equity and the overall cost of administering revenue system to attain the increasing form of revenues. It is important for the government entity to consider the increasing form of taxes by distinguishing the suitable level of the government.

In conclusion, it is essential to indicate that the adoption of the appropriate tax is the key feature to enhance the perspective of revenue collection for the government. The idea of the flat tax is not encouraging to increase revenue stream as it ultimately influences the overall structure if it is without the consideration of the long-term growth. It is essential to consider that if the government is willing to spend more expense on its administrative domain than the idea of national sales tax can be used as the replacement of the income tax.

References

ADDIN ZOTERO_BIBL {"uncited":[],"omitted":[],"custom":[]} CSL_BIBLIOGRAPHY Edgerton, J., Haughwout, A., & Rosen, R. D. (2004). Revenue implications of New York City’s tax system.

Roach, B. (2010). Taxes in the United States: History, fairness, and current political issues. Medford, MA: Tufts University Global Development and Environment Institute.