As of 2007,the largest source of receipts for state and local governments was corporate income taxes.
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Q1: A budget surplus occurs when government receipts
Q8: A budget deficit occurs when government receipts
Q21: An efficient tax system is one that
Q23: The equity of a tax system concerns
Q24: Deadweight losses arise because a tax causes
Q32: If a tax generates a reduction in
Q35: The administrative burden of any tax system
Q37: In practice, the U.S. income tax system
Q38: An advantage of a consumption tax is
Q54: A lump-sum tax minimizes deadweight loss.
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