Which one of the following statements regarding the taxes of state and local governments is true? a. The greatest source of tax revenue to state and local governments is sales taxes. b. Corporate income taxes are a greater source of tax revenue to state and local governments than personal income taxes. c. The greatest source of revenue to state and local governments is property taxes. d. State and local governments collect more tax revenue than the federal government.

What is the difference between a public and a private corporation?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand