Other than personal/ corporate income taxes and sales taxes, the most important
ID: 2396678 • Letter: O
Question
Other than personal/ corporate income taxes and sales taxes, the most important categories of other taxes that states impose include, excep
severance
excise
per person, or head tax
property
wealth transfer
The current trend of the Federal Government of transferring more and more of its responsibilities to the States is called:
Federalism
Devolution
Trump theory of governance
Reaganism
Which of the following statements is true:
States rely on corporate income taxes as the bulk of their revenues.
Corporate income taxes make up a surprisingly large proportion of state revenues.
Sales taxes are known to provide the worst method of obtaining revenue for states because they are progressive.
Generally, corporate taxes compose a small portion of state revenue
The goal of sound tax policy has recently been recognized as having low rates and:
plenty of deductions
broad bases
plenty of exemptions
high standard deductions
none of the above
severance
excise
per person, or head tax
property
wealth transfer
The current trend of the Federal Government of transferring more and more of its responsibilities to the States is called:
Federalism
Devolution
Trump theory of governance
Reaganism
Which of the following statements is true:
States rely on corporate income taxes as the bulk of their revenues.
Corporate income taxes make up a surprisingly large proportion of state revenues.
Sales taxes are known to provide the worst method of obtaining revenue for states because they are progressive.
Generally, corporate taxes compose a small portion of state revenue
The goal of sound tax policy has recently been recognized as having low rates and:
plenty of deductions
broad bases
plenty of exemptions
high standard deductions
none of the above
Explanation / Answer
A- per person,or head tax
B- Federalism
C-Generally corporate taxes comprises a smaller part of state govt revenue
D-broad bases
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