What is federal revenue?
Federal revenue is money collected by the federal government from the taxpayers. It's then used to run the federal government and its programs.
The largest portion of the federal revenue comes from individual income taxes. In 2008, individual income taxes made up 45 percent of the federal revenue. In 2008, individual income taxes totalled $2.5 trillion. For more information, go to the Urban Institute and Brookings Institution Tax Policy Center website, www.taxpolicycenter.org/briefing-book/background/numbers/revenue/cfm, to view 'The Numbers: What are the federal government's sources of revenue?'
Federal Board of Revenue is supreme and thought to be the most powerful federal agency of Pakistan that is responsible for collection of taxes. Inland Revenue is a collection arm of FBR that audits, enforces and collects large share of taxes for Pakistan. FBR's powers are vast, overriding and unique.
Which region of the nation receives the highest percentage of its revenue from the federal government?
The largest source of the US Federal Government's revenue from taxation is from personal income tax; approximately 60% of all tax revenue is from taxes paid by individuals on their income. Next in size is payroll taxes (aka FICA and Medicare), with about 15%. After that, corporate income tax, at about 10%.