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The answer is sales tax and excise tax. Sales tax is charges on purchases of goods and services, usually a percentage of the price. Excise tax is a charge on products such as Alcoholic Beverages, gasoline, and tobacco.
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Which two types of taxes provide the largest amount of revenue to states?
For most states, one of the two types of taxes that provide the largest amount of revenue to the state is property taxes. Sales tax is the other tax that provides a large part of the revenue. Income taxes provide some state revenue.
The largest source of federal revenue from taxes come from?
Individual income taxes account for the federal government's largest source of tax revenue. The other two main sources are payroll taxes and corporate income taxes.
what two types of taxes provide the largest amount of revenue to the states?
The total revenue for the United States is 5.7 trillion dollars. The two largest components of this total are Income Tax and Social Insurance taxes, which provide 2.2 trillion and 1.5 trillion dollars, respectively.
The largest source of immigration to the United States today comes from which two areas?
The largest sources of immigration to the Unites States today are Mexico and China.
What are the two largest sources of income for our government?
The two largest sources of income for the government are individual income taxes and payroll taxes. Individual income taxes generate revenue from the earnings of individuals, while payroll taxes fund social insurance programs like Social Security and Medicare. Together, these taxes constitute a significant portion of federal revenue, enabling the government to finance various public services and programs.
What are Mexico's 2 sources of income?
There are many, but two of them include revenue from oil exports and tourism.
What are the two states that have the largest number of neighbors?
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What two states have the largest petroleum or oil reserves?
Texas and Alaska have the largest petroleum or oil reserves in the United States.
Two largest countries in North America?
The United States and Canada are the two largest countries in North America.
In most states the largest single source of revenue comes from?
Due to the very different nature of U.S. states, there is no good answer to this question. The top three sources of income for US States are: sales tax, personal/corporate income tax, and passdown from the Federal government. Given that not all states have both income and sales taxes (some have only one or the other), and that the amount of Federal passdown can vary widely (both between different states, and from year to year), there is no good generalization to be made about the single biggest source of income for a majority of the states. Note, if you want to be strict about the word "revenue" (as in, a source of income that the state directly collects), that would exclude Federal passdown. 41 states impose an income tax (plus 2 which tax only investment/interest income), while 45 impose a sales tax. Two states (Alaska and New Hampshire) have no general sales or income taxes. The latter two states tend to rely on property/business income tax (in NH) and oil production taxes (AK) for the majority of their revenue.
What is the name of the two states that is divided into two parts by water and also has the largest fresh water border of all the states?
Michigan - and it's not two states, it is onestate divided into two peninsulas.
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
