Asked by Kennedy Kaiser on May 27, 2024
Verified
The largest source of tax revenue for state governments is the property tax.
Largest Source
The most significant origin or provider of something, often used in the context of energy production, emissions, or resources.
- Gain insight into the principal means of generating revenue and avenues of expenditures for governments operating at the local, state, and federal tiers.
Verified Answer
KD
Katie DuggerMay 28, 2024
Final Answer :
False
Explanation :
The largest source of tax revenue for most state governments is typically the sales tax or income tax, not the property tax. Property taxes are usually the main source of revenue for local governments, such as counties and municipalities.
Learning Objectives
- Gain insight into the principal means of generating revenue and avenues of expenditures for governments operating at the local, state, and federal tiers.
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