The LARGEST source of federal tax revenues is:
A) property taxes.
B) personal income taxes.
C) corporate income taxes.
D) sales taxes.

Question

Quizplus · Accepted Answer

Personal income taxes make up the largest source of federal tax revenues, accounting for over 50% of all federal tax revenue collected. Corporate income taxes and sales taxes are much smaller sources of federal tax revenue, while property taxes are primarily collected by state and local governments.

The LARGEST Source of Federal Tax Revenues Is