What is the largest source of revenue for most states? A. Income taxes
B. Property taxes
C. Inheritance taxes
D. Sales taxes
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What is the largest source of revenue for most states? A. Income taxes
B. Property taxes
C. Inheritance taxes
D. Sales taxes
The correct answer is D. Sales taxes.
Sales taxes are a major source of revenue for most states because they are applied to the sale of goods and services. They provide a significant part of state funding, especially in states that do not rely heavily on income taxes. While income and property taxes also contribute to state revenue, sales taxes tend to be more consistent and widespread across various states.