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Which one, if any, of the following is a typical characteristic of an ad valorem tax on personal (nonreal) property? The tax on intangibles generates

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Which one, if any, of the following is a typical characteristic of an ad valorem tax on personal (nonreal) property? The tax on intangibles generates considerable revenue since it is difficult for taxpayers to avoid. Most states impose a tax on intangibles. Taxpayer compliance is greater for personal use property than for business use property. The tax on automobiles sometimes considers the age of the vehicle, as this can impact "value." None of the above

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