Which of the following is the largest source of revenue for the U.S.federal government?
A)the individual income tax
B)social insurance taxes
C)sales taxes
D)property taxes

Question

Quizplus · Accepted Answer

The individual income tax is the largest source of revenue for the U.S. federal government, generating approximately 50% of its total revenue. Social insurance taxes (such as Social Security and Medicare taxes) make up about one-third of the total revenue, while sales and property taxes are primarily collected by state and local governments.

Which of the Following Is the Largest Source of Revenue