The largest source of revenues for the federal government is

Question

Quizplus · Accepted Answer

Personal income taxes are the largest source of revenues for the federal government, accounting for approximately 50% of total federal government revenues. This is followed by indirect taxes such as the GST (approximately 14%) and corporate income taxes (approximately 12%). Transfer payments and expenditures on goods and services are not sources of revenue, but rather are expenditures made by the federal government.

The Largest Source of Revenues for the Federal Government Is