Of the following sources of tax revenue for state and local governments, which was the smallest in 2016?
A)sales taxes
B)the corporate income tax
C)the property tax
D)the individual income tax

Question

Quizplus · Accepted Answer

According to data from the U.S. Census Bureau, in 2016, the corporate income tax made up only 3.6% of state and local tax revenue, making it the smallest source of tax revenue among the options listed. Sales taxes accounted for 23.1%, the property tax accounted for 31.7%, and the individual income tax accounted for the largest share at 36.7%.

Of the Following Sources of Tax Revenue for State and Local