Asked by Alyssa Hirschy on May 09, 2024
Verified
Individual income taxes generate roughly 25% of the tax revenue for the federal government.
Tax Revenue
The income that is gained by governments through taxation, used to fund public services and government obligations.
- Distinguish the key contributors to government funds and their relevance.
Verified Answer
CS
Caroline SmithMay 16, 2024
Final Answer :
False
Explanation :
Individual income taxes generate the largest portion of federal tax revenue, accounting for about 50% of the total.
Learning Objectives
- Distinguish the key contributors to government funds and their relevance.
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