Which one of these represents the biggest source of the state's annual revenues?
A)taxpayers in the middle income and lower income tax brackets (combined)
B)sales taxes
C)property taxes
D)the top 1% of taxpayers

Question

Quizplus · Accepted Answer

The top 1% of taxpayers often contribute the largest portion of income tax revenues in many jurisdictions. This is due to progressive tax systems where higher earners pay a larger percentage of their income in taxes, and because the wealth and income of the top 1% can be significantly larger than those in lower brackets, leading to larger absolute tax contributions.

Which One of These Represents the Biggest Source of the State's