Answered: The primary revenue for local…

The primary revenue for local government is..... a. Income taxation b. Sales taxation c. Estate taxation d. Property taxation

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter1: An Introducti On To Taxation And Understa Nding The Federal Tax Law

Section: Chapter Questions

Problem 29DQ

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Question

The primary revenue for local government is..... a. Income taxation b. Sales taxation c. Estate taxation d. Property taxation

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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