Plz i really need help! Most states use a corporate income tax, which makes corporations pay income tax just as individuals do.
Some states keep their corporate income tax rates lower than other states to attract many businesses. If this strategy works, how might lowering corporate income tax impact state revenue? A.
The state would have to collect more income tax from individuals.
B.
Attracting more businesses might raise corporate tax revenue.
C.
Corporate income tax would become a small source of revenue.
D.
Lowering corporate taxes reduces city revenue and services.
