Which of the Following Regarding the Property Tax Is NOT

question 24

Multiple Choice

Which of the following regarding the property tax is NOT true?

• A)In the past,the property tax was highly regressive,but as more lower-income people own homes,the property tax has become more progressive.
• B)One traditional rationale for the use of the property tax is that it taxes people who benefit the most from local public services.
• C)Overall,the property tax contributes less than 2 percent of total revenue collected by state governments.
• D)Property taxes are consistently rated as the most unpopular tax by Americans.

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Definitions:

Deductible Expenses

Expenses eligible to reduce taxable income, subject to various tax rules and limitations.

Supplies Expenses

Costs incurred by a business for items that are used and consumed in the business operations, typically within a short period.

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