Tax Impact

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Tim McElhinny

• July 20, 2012 20:00

I look at the tax impact for a 1 billion investment in petroleum refineres in IMPLAN version 3. Normally I just use the total tax impact report. However, this time I chose to look at the direct, indirect, and induced individually. I then tried to add the total from each up only to find the total did not match the total tax impact report. Why is this? Thanks :woohoo:

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  Doug Olson

  • July 20, 2012 20:42

  Using a Washington, MN 2007 county file (the demo that comes with the software), I ran $1 billion through sector 35 Construction of new nonresidential manufacturing for the investment in petroleum refining. Exporting the Direct, Indirect and Induced state and local government taxes blocks to Excel and summing - all were the same as the Total up to seven significant digits. A couple of numbers wandered at the 8th digit (to be expected as we are using 4-byte reals in the software). If you are still having problems with this, zip up the model (.impdb file) and send it to support@implan.com, be sure to tell us which scenario.

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