Which of the Following Statements Is Not  Correct Regarding Taxes

question 10

Multiple Choice

Which of the following statements is not  correct regarding taxes?

• A) The largest source of state and local governments tax revenue is sales and excise taxes.
• B) The largest source of federal government tax revenue is individual income taxes.
• C) A sales tax on food is a regressive tax.
• D) A proportional tax is equal to a fixed dollar amount.

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