What is the primary source of revenue in the government budget?

Question

Quizplus · Accepted Answer

The primary source of revenue in the government budget is individual income taxes. These taxes are paid by the individuals on their income and form a significant portion of the revenue collected by the government. Other taxes like payroll taxes, corporate income taxes, and excise taxes also contribute to the revenue, but individual income taxes are the most significant source. Borrowing is not a revenue source but a method the government uses to finance its spending.

What Is the Primary Source of Revenue in the Government