Due to the very different nature of U.S. states, there is no good answer to this question. The top three sources of income for US States are: sales tax, personal/corporate income tax, and passdown from the Federal government. Given that not all states have both income and sales taxes (some have only one or the other), and that the amount of Federal passdown can vary widely (both between different states, and from year to year), there is no good generalization to be made about the single biggest source of income for a majority of the states.
Note, if you want to be strict about the word "revenue" (as in, a source of income that the state directly collects), that would exclude Federal passdown. 41 states impose an income tax (plus 2 which tax only investment/interest income), while 45 impose a sales tax. Two states (Alaska and New Hampshire) have no general sales or income taxes. The latter two states tend to rely on property/business income tax (in NH) and oil production taxes (AK) for the majority of their revenue.
Most state governments depend on at least one the following: sales tax, and income tax. 48 out of 50 states have at least one of those two in place, and derive the large majority of their revenue from them.
Article 1, section 7 of US Constitution states that bill for raising revenue are initiated by the House of Representatives
the united states became the largest creditor nation in the world
according to the United States the largest Caribbean economy is the Dominican Republic followed by Cuba.
The United States economy is the largest national economy in the world. It is the 11th largest.
In the United States, it's Personal Income Tax.
sales tax,property taxes and intergovernmental revenre
Gambling Taxes: Taxes on gaming are the largest source of revenue for the states general fund, generating almost one half (1/2) of the states receipts. The bulk of this revenue comes from the state tax on the gross gambling income of the casinos.
Solar energy, When we all Transcend to using that we will be on a better track.Till then,Petroleum is the single largest source of energy for the United States.
For most states, one of the two types of taxes that provide the largest amount of revenue to the state is property taxes. Sales tax is the other tax that provides a large part of the revenue. Income taxes provide some state revenue.
united states
The total revenue for the United States is 5.7 trillion dollars. The two largest components of this total are Income Tax and Social Insurance taxes, which provide 2.2 trillion and 1.5 trillion dollars, respectively.
In the United States, it's Personal Income Tax.
In the US, tobacco products (particularly cigarettes) are taxed at both the state and federal level. These taxes are not a significant part of the federal revenue, but some states depend on the revenue from cigarette taxes.
Yes, in states which have a sales tax, it is a very important source of revenue.
The largest sources of immigration to the Unites States today are Mexico and China.
The largest builder of single-family detached homes in the United States in 2002 was Centex Corporation, which reported revenues of $9.1 billion in 2002