State income tax revenues are much less than sales tax revenues.
Answer the following statement true (T) or false (F)
True
State governments rely heavily on sales taxes while their effective income tax rates are less than 2 percent.
You might also like to view...
Why might it make sense to avoid paying for extended warranties on televisions and other small home appliances?
What will be an ideal response?
Given a positive externality, the marginal social benefits curve lies to the __________ of the demand curve, with the market output __________ the socially optimal output.
A. right; greater than B. right; less than C. left; greater than D. left; less than
Under the Global Legal Settlement of 2002, the provision that requires investment banking firms to sever the link between underwriting and research is an example of
A) regulate for transparency. B) supervisory oversight. C) separation of functions. D) socialization of information production.
The unemployment compensation program:
a. makes recessions more severe. b. makes recession less severe. c. makes recessions more severe and inflationary episodes less severe. d. makes recessions less severe and inflationary episodes more severe. e. has no effect on the severity of recessions and inflationary episodes.