Which of the following is the largest source of federal government revenue?
A) corporate income taxes
B) personal income taxes
C) Social Security taxes
D) borrowing

Question

Quizplus · Accepted Answer

Personal income taxes are the largest source of federal government revenue, accounting for approximately 50% of total federal revenue in recent years. Corporate income taxes and Social Security taxes make up smaller portions of federal revenue, and borrowing (while a significant part of the federal budget) is not considered a source of revenue as it must eventually be paid back with interest.

Which of the Following Is the Largest Source of Federal