Which of the following is the measure of the wealth of a state or its ability to raise revenues relative to all other states?

Question

Quizplus · Accepted Answer

Tax capacity is the measure of the wealth of a state or its ability to raise revenues relative to all other states. Tax exporting refers to when a state's tax burdens are shifted to other entities or residents, tax base is the total assessed value of taxable property in a jurisdiction, and tax effort refers to the level of taxation relative to the potential tax base.

Which of the Following Is the Measure of the Wealth