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Which two sources of state revenue are taxes on income?

The two primary sources of state revenue that involve taxes on income are personal income taxes and corporate income taxes. Personal income taxes are levied on the earnings of individuals, while corporate income taxes are imposed on the profits of businesses. Both types of taxes contribute significantly to state budgets, funding essential services and programs.


A sentence using revenue?

The company's revenue was up for the last three quarters. The state had enough revenue to meet the expenses.


What are some revenue sources?

Revenue sources can vary widely depending on the type of business or organization. Common sources include product sales, service fees, subscription models, and advertising revenue. Additionally, businesses may generate income through investments, grants, sponsorships, and licensing agreements. Each source can contribute to overall financial health and sustainability.


What are the sources of public revenue for a country?

Sources of Public Revenue To Government:Tax and Non-Tax Sources of Public Revenue To Government Post : Gaurav Akrani Date : 12/30/2010 06:11:00 PM ISTNo Comments Labels : EconomicsIntroduction To Public Revenue ↓Governments need to perform various functions in the field of political, social & economic activities to maximise social and economic welfare. In order to perform these duties and functions government require large amount of resources. These resources are called Public Revenues.Public revenue, consists of taxes, revenue from administrative activities like fines, fees, gifts & grants. Public revenue can be classified into two types.1. Tax Revenue2. Non-Tax Revenue


What are sources of interest that the government collects as nontax revenue?

The government collects nontax revenue from various sources, including fees for services, fines, and penalties. Additionally, it generates income from the sale of government assets or resources, such as land and natural resources. Other sources include investment income from government-owned enterprises and interest earned on loans and investments. These revenue streams help fund public services without relying solely on taxation.

Related Questions

Which of these is one of the greatest sources of state revenue?

sales tax A+


What are the main sources of state revenue and how do they differ from the main sources of local revenue?

The main sources of state revenue come from personal income tax. They differ from the main sources of local revenue because states get income, property and sales taxes local governments get property taxes plus they get money from the state.


What are the major sources of nontax revenue available to the states?

Major sources of nontax revenue available to states include fees for services (such as licensing fees), fines and penalties, revenue from investments, sales of state assets, lottery proceeds, and federal grants. These sources help supplement state budgets and reduce reliance on taxes.


What are the major sources of revenue for the state of Idaho?

Individual Income Tax and Sales Tax


What are the sources of local government revenue in Malaysia?

The local government operates as a centralized political system. The local Malaysian governments main sources of revenue are land ownership and state water supply.


What are 5 sources of tax revenue?

taxes,fees,bonds,state government,federal government


What are the sources of revenue generation in Nigeria?

Sources of revenue to Nigeria are petroleum, electricity and taxes


What provided sources of revenue for the federal government in the period from 1800 to 1860?

The main sources of revenue in the 1800s-1860s were: Revenue Tariff, Land Sales, and Income Tax.


What are the 2 main sources of government revenue?

sources of government revenues


What are the two leading sources of state tax revenue?

the sources of public revenue is tax from citizen also the government can take loans from foreign governments public revenue can also be generated from goodwills to the government and also through international trade.


What is earths greatest sources of evaporated water?

Oceans are the greatest sources.


List and describe four sources of state government revenue?

US State sources of income can be the following four types: 1. State income taxes; 2. Income from sales taxes; 3. Income from real estate taxes; and 4. Inheritance taxes.