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Which of these is one of the greatest sources of state revenue?
sales tax A+
Which of these is not an example of a non tax source of revenue for state and local governments?
public schools
What is the major source of revenue for most state governments?
Most state governments depend on at least one the following: sales tax, and income tax. 48 out of 50 states have at least one of those two in place, and derive the large majority of their revenue from them.
What happens to the deadweight loss and tax revenue when a tax is increased?
The deadweight loss of a tax rises more than proportionally as the tax rises. Tax revenue, however, may increase initially as a tax rises, but as the tax rises further, revenue eventually declines. For example; if you sell a product with a $1.00 tax, you have less tax revenue than if you sold twenty of the product with a .10 cent tax. When you increase a tax, the revenue goes down because the product will not sell at that higher price.
A state government wants to increase the taxes on cigarettes to increase tax revenue This tax would only be effective in raising new tax revenues if the price elasticity of demand is?
elastic
Does the state or town make the property tax rate?
Most of the time the local governments in the state determines the property tax rate. This is one of the local government's main sources of revenue.
What makes up about on-half of sate tax revenue?
These special tax breaks result in more jobs and more tax revenue for state program.
What kind of tax accounts for about half the total tax revenue of state governements?
Income Tax
What kind of tax accounts for about half the total tax revenue of state government?
Income Tax
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 are the major sources of revenue for the state of Idaho?
Individual Income Tax and Sales Tax
Where to sent state tax returns?
Each state is different. Contact your state department of revenue or any local tax preparer.
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
Sro stands for what in sales tax?
State Revenue Office
What is the state of Alabama tax revenue off of alcohol?
24%
Where does the state of Virginia get its money from?
The private sectors tax revenue
Which of these is one of the greatest sources of state revenue?
sales tax A+
