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  3. 3. the two most important state taxes are income a

3. The two most important state taxes are income and general sales taxes, although states also make...

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Economics

3.The two most important state taxes are income and general salestaxes, although states also make substantial use of excise taxes,direct business taxes (usually a corporate income tax), and others.List and discuss briefly four factors that might influence a statein choosing between an income and general sales tax. What is therelative reliance in your state on these two taxes? If the relativereliance in your state is different than average, speculate aboutwhy that might be so.

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Income tax is the tax which individuals have to pay based on their yearly income General sales tax is on the goods and services which individuals buy The four main factors which might influence a state in choosing between the two are as    See Answer
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