Examines the sale of tax lien certificates to private investors.
Written in 2004; 904 words; 5 sources; MLA; $ 31.95
Paper Summary:
The sale of tax lien certificates to private investors from state and local governments is a win-win for both parties. This paper shows that the private investor earns high interest on his investment, the state and local government collects the taxes they need to function.
From the Paper:
"State and local governments need taxes in order to fund programs that are essential to the proper functioning of the community. If these revenues were to stop the basic services that all local communities provide its members would stop as well, sacrificing not only the value of those services but also the jobs that they sustain. The sale of tax lien certificates to private investors is one way for state ..."
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