Sales and gross receipts taxes were the major state tax revenue generators across all states, closely followed by income taxes; nevertheless, the distribution of tax revenue by state varies greatly.
Thus, the state source of revenue is Option D.
Royalties, interest, and other fees are ways that some businesses generate revenue. Sales revenue is the sum of money generated over time by the sale of products or services.
Tax revenue is the amount of money received by a government from taxpayers. Taxes are levied on property ownership and transfer, payroll taxes, social security contributions, taxes on products and services, income and profit taxes, and other levies.
The majority of the government's revenue comes from taxes. Taxes, which are imposed on people and businesses without their consent to fund governmental operations, are the government's main source of income. There are two different sorts of revenue receipts: tax revenue and non-tax revenue.
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