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Clement Clement
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5 years ago

Question 1.

Of the following sources of tax revenue for state and local governments, which was the smallest in 2016?

• sales taxes

• the corporate income tax

• the property tax

• the individual income tax

Question 2.

A regressive tax is a tax for which people with lower incomes

• pay a lower percentage of their incomes in tax than do people with higher incomes.

• pay a higher percentage of their incomes in tax than do people with higher incomes.

• pay the same percentage of their incomes in tax as do people with higher incomes.

• do not have to pay unless their incomes exceeds a certain amount.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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sliceofoctopisliceofoctopi
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Clement Author
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#2
5 years ago
You make an excellent tutor!
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3 years ago
thanks
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