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

A) personal income tax
B) property taxes
C) sales and excise taxes
D) corporate income tax

Question

Which of the following is the most important source of tax revenue for state governments?A) personal income taxB) property taxesC) sales and excise taxesD) corporate income tax

Sarahy Mendoza · Accepted Answer

Final Answer : C, Explanation :  Sales and excise taxes are the most important source of tax revenue for state governments, as they typically generate more revenue than the other options listed. While property taxes are a significant source of revenue for local governments, and personal and corporate income taxes do contribute to state revenues, sales and excise taxes are more universally applied and collected at higher volumes across states.

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

A) personal income tax
B) property taxes
C) sales and excise taxes
D) corporate income tax

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