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Which of the following is TRUE about government revenues? Group of answer choices The federal government is mostly funded by corporate income taxes. More than
Which of the following is TRUE about government revenues? Group of answer choices The federal government is mostly funded by corporate income taxes. More than 50% of the federal revenue is from corporate income taxes. State sales taxes are considered to be regressive because lower income people pay a higher percentage of their income for the sales taxes. For a progressive tax, higher income people pay taxes at a lower rate. For a regressive tax, lower income people pay a lower percent of their income
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