Which of the Following Statements Regarding the History of State

question 23

Multiple Choice

Which of the following statements regarding the history of state and local taxation is INCORRECT?

• A) In the southern states, early taxes were based on import/exports.
• B) State income taxes were introduced in the early 1900s.
• C) State sales taxes were imposed before state property taxes.
• D) States relied on property taxes for revenue before income taxes were introduced.
• E) All of the above statements are correct.

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Definitions:

Forced Labor

Work that individuals are compelled to do against their will under threat of punishment or some form of penalty.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or religion, which can manifest in hiring, promotion, job assignment, and termination practices.

Headquartered Companies

Firms that have their main offices located in a specific geographical area, serving as the central point of operation and management.

Quotas

Predetermined limits on the amount of goods or services that can be produced, exported, or imported.