Most income for the Federal Government comes from:

Question

Quizplus · Accepted Answer

According to the Congressional Budget Office, individual income taxes accounted for approximately 48% of the Federal Government's total revenue in 2019. Corporate income taxes only accounted for approximately 7% of total revenue, and social insurance receipts (such as payroll taxes) accounted for approximately 35%. Therefore, while all of the options listed contribute to the Federal Government's revenue, individual income taxes are the largest source of income.

Most Income for the Federal Government Comes From