The principle of diversity in the financial systems of American federalism means that
A) the state government relies most heavily on property taxes for its revenues, whereas the other levels have their own primary revenue sources.
B) each level of government is, by tradition, free to rely as heavily as it must on any source of revenue.
C) each level of government is restricted by the U.S.Constitution as to how it may gather revenues.
D) the national government relies most heavily on the income tax for its revenues, whereas the other levels have their own primary revenue sources.
Correct Answer:
Verified
Q1: Sales taxes are criticized because they place
Q2: Property taxes
A)are difficult to administer and somewhat
Q3: The state that generates the largest portion
Q4: Sin taxes account for a small but
Q6: The largest source of tax revenue for
Q7: Personal and corporate income tax is
A)in use
Q8: The general sales tax is
A)the main source
Q9: A progressive tax is one that
A)puts you
Q10: The distribution of federal countercyclical aid dollars
Q11: Evaluating tax options on the basis of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents