20. Which of the following taxes is NOT a major source of tax revenue for the...

Question

Question

20. Which of the following taxes is NOT a major source of tax revenue for the federal government?

Property tax

Payroll tax

Income tax

Profits tax

business economics

Answer 1

Answer #1

In United States, federal government does not levy property tax.

The property tax is generally levied by the local government bodies.

In fact, property tax as a major source of revenue for the local government bodies.

So,

Property tax is not a major source of tax revenue for the federal government.

Answer 2

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