What is the largest source of revenue for the federal government?
A) Social Security taxes
B) sales tax
C) corporate income taxes
D) personal income taxes

Question

Quizplus · Accepted Answer

The largest source of revenue for the federal government is personal income taxes. In 2020, individual income taxes accounted for approximately 50% of federal revenue. This is due to the progressive tax system in the United States, in which higher income earners pay a larger percentage of their income in taxes.

What Is the Largest Source of Revenue for the Federal