Personal income and payroll taxes are the largest sources of revenue for the federal government.

Name: Personal income and payroll taxes are the largest sources of revenue for the federal government.
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Question

Quizplus · Accepted Answer

According to the Congressional Budget Office, individual income taxes and payroll taxes accounted for approximately 84% of the federal government's total revenue in 2019. Therefore, personal income and payroll taxes are indeed the largest sources of revenue for the federal government.

Personal Income and Payroll Taxes Are the Largest Sources of Revenue