Which of the following statements is true?
A) The federal government raises roughly the same amount of revenue from taxation as all state and local governments combined.
B) The federal government raises more tax revenue than all state and local governments combined.
C) State and local governments combined raise twice as much revenue from taxation as the federal government.
D) State and local governments combined raise three times as much revenue from taxation as the federal government.
E) State and local governments combined raise six times as much revenue as the federal government.
Correct Answer:
Verified
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