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Which of the Following Correctly Depicts the Changes in the Sources

Question 24

Multiple Choice

Which of the following correctly depicts the changes in the sources of federal,state,and local receipts in the past 50 years?


A) Income taxes are now a larger share of federal receipts.
B) Property taxes are now a larger share of state and local receipts.
C) Corporate and excise taxes are now a smaller share of federal receipts.
D) Sales taxes constitute the exact same share of state and local receipts.

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