The personal income tax is the single most important source of tax revenue for the federal government of the United States.

Name: The personal income tax is the single most important source of tax revenue for the federal government of the United States.
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Question

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According to the Congressional Budget Office, personal income taxes provide about 50% of the federal government's total tax revenue. Therefore, it is the most important source of tax revenue for the government.

The Personal Income Tax Is the Single Most Important Source