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. While some states do impose a state income tax (A) and every jurisdiction does impose a sales or use tax (B), these taxes are not universally imposed. Property taxes (D) are primarily used to finance local government services such as schools and public safety, rather than a state's general revenue fund.

Which of the Following Is True Regarding State and Local