Which of the following is the most significant source of revenue for the federal government?

Question

Quizplus · Accepted Answer

Individual income taxes are the most significant source of revenue for the federal government, accounting for approximately 50% of total federal revenue in recent years. Payroll taxes and corporate income taxes also contribute significant portions of federal revenue, but they are not as large as individual income taxes. Excise taxes and the gas tax are smaller sources of revenue for the federal government.

Which of the Following Is the Most Significant Source of Revenue