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Texas and Alaska Raise So Much Money from Taxes on the Extraction

Question 13

Multiple Choice

Texas and Alaska raise so much money from taxes on the extraction of natural resources that they do not have to impose individual income taxes. A tax on the extraction of a natural resource is known as a ________ tax.


A) severance
B) consumptive
C) business
D) capital gains
E) regressive

Correct Answer:

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