Which of the following is NOT a source of state revenue in Missouri?

The correct response is that a gift tax is not a source of state revenue in Missouri. State revenue typically comes from various taxes and fees, and in Missouri, the primary sources include sales tax, income tax, and corporate tax.

Sales tax is levied on the sale of goods and services, providing a significant portion of state funding. Income tax generates revenue based on individual earnings, directly impacting the state's budget and public services. Corporate tax is assessed on the profits of corporations registered in Missouri, contributing to the state's financial resources.

In contrast, Missouri does not impose a state-level gift tax. Whereas some states have legislation regarding gift taxes, Missouri relies on other forms of taxation to generate revenue. Understanding the distinction between the types of taxes that exist helps clarify why gift tax is not a source of state revenue in this context.