Shortcut Navigation:

Person Income Quiz

All of the following are types of properties that are exempt from property taxes except:

_____ is the most important source of revenue for states.

______ is the most important source of revenue for local governments.

All of the following are examples of excise taxes except:

_______ is defined as the transfer of services to private enterprise.

A _______ tax system places a relatively large tax burden on upper-income people and a relatively small tax burden on lower-income people.

A______ tax system places a relatively large tax burden on lower-income people and a relatively small tax burden on upper-income people.

A _________ tax system takes the same percentage of each person's income, regardless of whether the income is high, medium, or low.

______ is defined as the total amount of taxes paid as a percentage of a person's income.

______are bonds issued by governments that pledge their "full faith and credit," including tax revenues, to repayment.