Cyber Monday proves to be the biggest shopping day ever! Because of this, according to Bloomberg, Cyber Monday may provide a big revenue boom for state and local governments.
1. What is the reason for the big revenue boom for state and local governments?
2. According to Kroll Bond Rating Agency, how much revenue is Texas, New York and California expected to see?
3. Which states will benefit the most on a per-capita basis?
Moran, D. (2018). Cyber Monday Promises Big State Tax Boon Thanks to Supreme Court. Bloomberg, Nov. 26 (Retrievable online at https://www.bloomberg.com/news/articles/2018-11-26/cyber-monday-promises-big-state-tax-boon-thanks-to-supreme-court)