Week 7 Discussion 1General Taxes. Please respond to the following: Several state

Week 7 Discussion 1General Taxes. Please respond to the following: Several states have declared sales tax holidays in which the state does not collect sales tax on certain items for a given period of time. In most instances the holiday has applied to purchases of clothing and the period has been a week to 10 days in August the idea being to give a back-to-school discount as families get ready for the new year. However states have gotten more adventurous with the idea in recent years and some have enacted or proposed holidays for hurricane survival supplies gasoline Energy Star appliances and guns and ammunition.Analyze the impact of tax holidays in your state. Create a table with two (2) columns. The first column should list Yield Equity Administration and Compliance and Economic Impact. The second column should explain the impact of tax holidays in each area.