What are the main sources of revenue for local governments quizlet?

The main revenue sources for state and local governments are sales taxes, property taxes, and revenue passed along from the federal government. State and local governments collect taxes imposed on business firms.

What are sources of local government revenue?

Local government revenue comes from property, sales, and other taxes; charges and fees; and transfers from federal and state governments. Taxes accounted for 42 percent of local general revenue in 2017. Local governments collected $1.7 trillion of general revenue in 2017.

What are the 5 major sources of revenue for the local government?

The revenue of the local governments includes business tax, income tax of the enterprises subordinate to the local government, proportion of the personal income tax (other that interest income tax) to be shared by the central government, tax on the use of urban land, tax on the adjustment of the investment in fixed …

What was the main source of government revenue?

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

What is usually the most important revenue source for county governments?

Funding from the federal and state government for health and human services is the largest source of county revenues. Property taxes and sales and use taxes are the primary funding sources for many county services that do not have a dedicated state or federal funding source.