Which of the following is the most important source of tax revenue for state governments?

a) personal income tax

b) property taxes

c) corporate income taxes

answer

watching

143

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Joshua StredderLv10

9 Oct 2020

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

The three most important sources of Federal tax revenue in the order of descending importance are:

A. Sales, payroll, and personal income tax.

B. Personal income, corporate income, and sales taxes.

C. Personal income, corporate income, and payroll taxes.

D. Personal income, payroll, and corporate taxes.

aquamarinesea-lion408

Revenue Streams for Public Organizations

As noted in the readings, taxes and user fees provide much of the revenue for public organizations that is necessary to fund public programs. Yet, despite these revenue streams, local, state, and federal governments consistently face budgetary shortfalls in attempting to fund public programs. What changes, if any, would you make to the way governments obtain revenue for public programs? Consider the following questions: would you make any changes to individual and corporate income tax rates, property taxes, or sales taxes? Would you increase or decrease user fees? Do you think that a flat tax might be a more appropriate way to generate revenue? Would a national sales tax (not to be confused with state sales taxes) be a sensible method to raise revenue?

The benefits-received principle of taxation is most evident in:

a. progressive tax rates

b. excise taxes on gasoline

c. the personal income tax

d. the corporate income tax