Corporate income taxes bring in as much revenue to the federal government as do individual income taxes.

Name: Corporate income taxes bring in as much revenue to the federal government as do individual income taxes.
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While corporate income taxes do bring in a significant amount of revenue, they do not bring in as much as individual income taxes. In fiscal year 2019, individual income taxes accounted for 50% of federal revenue while corporate income taxes accounted for only 6.6%.

Corporate Income Taxes Bring in as Much Revenue to the Federal