In 2014, over 75 percent of the revenue of the U.S.federal government was raised through
A)individual income and social insurance taxes.
B)property and social insurance taxes.
C)sales and corporate income taxes.
D)individual income and property taxes.

Question

Quizplus · Accepted Answer

According to data from the Congressional Budget Office, in 2014 individual income taxes and social insurance taxes (such as those for Social Security and Medicare) accounted for 80 percent of federal tax revenue. Sales and excise taxes accounted for 9 percent, while corporate income taxes and other taxes made up the remaining 11 percent. Therefore, choice A is the best answer as it accurately reflects the source of most of the government's revenue.

In 2014, Over 75 Percent of the Revenue of the U.S.federal