asked 55.1k views
3 votes
What are the
main sources of
income for state
governments?

2 Answers

3 votes

Answer:

State and local governments collect tax revenues from three primary sources: income, sales, and property taxes. Income and sales taxes make up the majority of combined state tax revenue, while property taxes are the largest source of tax revenue for local governments, including school districts.

Step-by-step explanation:

hope this helps

answered
User TheLukeMcCarthy
by
7.6k points
5 votes

Answer:

Income, sales, and property taxes are the three main sources of revenue for state and local governments. Property taxes are the biggest source of tax revenue for local governments, including school districts, while income and sales taxes account for the majority of combined state tax revenue.

Step-by-step explanation:

answered
User AskQuestion
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.