State and local governments tax income, property, and sales since all three of these are indicators of what government would really like to tax-________.

Question

Quizplus · Accepted Answer

Taxing income, property, and sales are all ways to target wealth, as those who earn more income, own property, and purchase more goods and services are typically more financially well-off than those who do not. By taxing these indicators of wealth, state and local governments are able to generate revenue that can then be used to provide public services and fund government operations.

State and Local Governments Tax Income, Property, and Sales Since