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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.
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