Which of the following is true regarding state and local taxes?
A) All states impose a state income tax.
B) Every jurisdiction imposes a sales or use tax.
C) The primary purpose of state and local taxes is to raise revenue.
D) Property taxes are primarily used to finance a state's general revenue fund.

Question

Quizplus · Accepted Answer

The primary purpose of state and local taxes is to raise revenue for public services and infrastructure. Not all states impose an income tax, and not every jurisdiction has a sales or use tax. Property taxes are typically used to fund local services like schools and public safety, not a state's general revenue fund.

Which of the Following Is True Regarding State and Local