State and local governments generate most of their revenues through

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State and local governments primarily generate their revenues through sales and property taxes, including sales taxes on goods and services and property taxes on real estate. Income taxes are generally imposed at the federal level, and corporate profit taxes are typically levied on businesses operating at the national or international level. Inventory and excise taxes may also play a role in state and local revenue generation, but they are generally less significant than sales and property taxes.

State and Local Governments Generate Most of Their Revenues Through