The major source of revenue for state governments is ________ taxes.

Question

Quizplus · Accepted Answer

Sales taxes are generally the largest source of revenue for state governments. They are imposed on most goods and services sold within a state and can be a significant source of revenue for state budgets. Personal income taxes and property taxes also contribute to state revenues, but sales taxes are typically the largest source. Inheritance and import taxes are less common and usually have a smaller impact on state budgets.

The Major Source of Revenue for State Governments Is ________