Asked by Sharion Dielle on Jul 29, 2024
Verified
Revenue for the state governments in the United States comes primarily from income taxes.
Revenue
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
Income Taxes
Taxes levied by the government on the income of individuals or organizations.
- Fathom the precepts of taxation and their significance in allocating resources for governmental enterprises.
Verified Answer
DM
Dominique MaggioJul 29, 2024
Final Answer :
False
Explanation :
Revenue for state governments in the United States comes from a variety of sources, including sales taxes, property taxes, and federal grants. While income taxes are a significant source of revenue for some states, they are not the primary source for all states.
Learning Objectives
- Fathom the precepts of taxation and their significance in allocating resources for governmental enterprises.
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