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    Principles of Microeconomics
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    Exam 12: The Design of the Tax System.
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    For State and Local Governments,sales Taxes and Property Taxes Make
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For State and Local Governments,sales Taxes and Property Taxes Make

Question 38

Question 38

Multiple Choice

For state and local governments,sales taxes and property taxes make up approximately


A) 19 percent of all receipts.
B) 22 percent of all receipts.
C) 35 percent of all receipts.
D) 48 percent of all receipts.

Correct Answer:

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