Which of the following is true regarding state and local taxes?
A) Every jurisdiction imposes a sales or use tax.
B) All states impose a state income tax.
C) The primary purpose of state and local taxes is to raise revenue.
D) Property taxes are primarily used to finance a State's general revenue fund.

Question

Quizplus · Accepted Answer

The primary purpose of state and local taxes is indeed to raise revenue. Option A is not true for certain jurisdictions that do not impose sales or use taxes. Option B is false for the nine states that do not have an individual income tax. Option D is not true for every state as there are different earmarks for property taxes such as school district funding.

Which of the Following Is True Regarding State and Local