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See if you can guess what percentage of Alabama Taxes come from which sources:
Mix of State Tax Sources (FY 2022)
45% sales taxes, 5 % specialty sales. 15% property taxes. 15% personal income taxes. 5% corporate income taxes. I don’t see a place for federal revenue subsidies, which is substantial for the state.
45% sales taxes, 5 % specialty sales. 15% property taxes. 15% personal income taxes. 5% corporate income taxes. I don’t see a place for federal revenue subsidies, which is substantial for the state.
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