Which of the following statements regarding the history of state and local taxation is INCORRECT?
A) In the southern states, early taxes were based on import/exports.
B) State income taxes were introduced in the early 1900s.
C) State sales taxes were imposed before state property taxes.
D) States relied on property taxes for revenue before income taxes were introduced.
E) All of the above statements are correct.
Correct Answer:
Verified
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