Which of these is not a source of state and local tax revenue?

To figure out the correct answer, you can analyze each option and determine if it is a source of state and local tax revenue:

1. Payroll taxes: Payroll taxes are levied on the wages and salaries of employees and are typically used to fund social security and Medicare. They are a source of state and local tax revenue, so it is not the correct answer.

2. Property taxes: Property taxes are based on the assessed value of real estate properties and are a significant source of revenue for state and local governments. Therefore, property taxes are indeed a source of state and local tax revenue and are not the correct answer.

3. Sales taxes: Sales taxes are taxes added to the purchase price of goods and services and are typically collected by retailers. They are a common source of state and local tax revenue. Thus, sales taxes are not the correct answer.

4. Income taxes: Income taxes are taxes imposed on individuals and businesses based on their income or profits. While income taxes are mostly collected at the federal level, only a few states levy income taxes at the state level. Therefore, income taxes are not a significant source of state and local tax revenue, making it the correct answer to the question.

Based on this analysis, we can conclude that income taxes are not a source of state and local tax revenue.