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Which of the following statements is not correct? a. All states have state income taxes, but the percentages vary widely. b. Sales taxes and property
Which of the following statements is not correct? a. All states have state income taxes, but the percentages vary widely. b. Sales taxes and property taxes are important revenue sources for state and local governments. c. Medicare spending has increased because the percentage of the population that is elderly has increased, as has the cost of health care compared to cost of other goods and services. d. A budget deficit occurs when government spending exceeds government receipts
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