Which of the following accounts for the largest source of revenue for the federal government?

Question

Quizplus · Accepted Answer

Individual income taxes account for the largest source of revenue for the federal government, comprising approximately 50% of total federal revenue in recent years. The other options listed, goods and services taxes, federal property taxes, and corporate taxes, do not come close to the amount generated by individual income taxes.

Which of the Following Accounts for the Largest Source of Revenue