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Published byAnna Carter Modified over 8 years ago
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$ $ By: Teddy, Daleng, Nate, and Chia.
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Constitution Restricts Placing taxes on goods imported or exported Stated cannot tax the federal government States cannot place taxes that violate equal protection (ie. Race, religion, or nationality)
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Sales Tax Taxes on daily essentials Income Tax Taxes on income based on amount paid Severance Tax Taxes on natural resources that are removed from the earth (ie. Oil or Gas) Property Tax Taxes on real property(land or buildings) or personal property Personal property is tangible or intangible Tangible is property that can be felt or touched (Not cash) Intangible is things like bank accounts, spook, and etc.
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Borrowing Funds For large projects (ie. Highways, bridges, public buildings) State-Run Lotteries Brings in billion of dollars a year Federal Grants Significant portion of state and local revenue
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