Which source of tax revenue is the LARGEST one for the U.S. federal government?
A) personal income taxes
B) corporate profit taxes
C) sales taxes
D) social insurance taxes

Question

Quizplus · Accepted Answer

Personal income taxes are the largest source of tax revenue for the U.S. federal government, accounting for around 50% of total revenue in recent years. Corporate profit taxes, sales taxes, and social insurance taxes are also significant sources of revenue but do not generate as much income as personal income taxes.

Which Source of Tax Revenue Is the LARGEST One for the U.S