Which of the following taxes represents the largest portion of U.S.Federal Tax revenues?
A)Employment taxes
B)Corporate income taxes
C)Individual income taxes
D)Estate and gift taxes
E)None of the choices are correct

Question

Quizplus · Accepted Answer

Individual income taxes represent the largest portion of U.S. Federal Tax revenues, accounting for approximately 50-60% of total federal tax revenue in recent years. Employment taxes and corporate income taxes also contribute a significant portion of federal revenue, but individual income taxes remain the largest source. Estate and gift taxes make up a relatively small percentage of federal revenue.

Which of the Following Taxes Represents the Largest Portion of U.S.Federal