The share of total national revenue from consumption taxation is approximately ________ in the United States.

Question

Quizplus · Accepted Answer

The share of total national revenue from consumption taxation in the United States is approximately 14%. This is relatively low compared to other developed countries, reflecting the U.S.'s reliance on income taxes and payroll taxes rather than consumption taxes like VAT or sales taxes.

The Share of Total National Revenue from Consumption Taxation Is