asked 125k views
5 votes
A United States company produces products that it sells both in the United States and overseas. Which level of government may tax the company?

2 Answers

1 vote

Answer:

local, state, and national governments

Step-by-step explanation:

Taxation in the United States involves payments to three different levels of government, local government, state government, and the federal government. Local government is financed by property taxes. State government is financed mainly by sales taxes although most states also have an income tax. The federal government is financed primarily by income taxes.

answered
User Osify
by
8.7k points
5 votes
Local, state, and national government may tax the company.
answered
User Romainl
by
8.2k points

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