In 2012, over 75 percent of the revenue of the U.S. federal government was raised through

Name: In 2012, over 75 percent of the revenue of the U.S. federal government was raised through
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

According to the IRS, in 2012 individual income taxes and social insurance taxes accounted for 80.7% of the total federal revenue, while corporate income taxes only accounted for 8.9%. Therefore, choice A is the best answer as it includes the two largest sources of revenue for the U.S. federal government.

In 2012, Over 75 Percent of the Revenue of the U.S