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The two largest sources of income for the government are individual income taxes and payroll taxes. Individual income taxes generate revenue from the earnings of individuals, while payroll taxes fund social insurance programs like Social Security and Medicare. Together, these taxes constitute a significant portion of federal revenue, enabling the government to finance various public services and programs.
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The largest source of federal revenue from taxes come from?
Individual income taxes account for the federal government's largest source of tax revenue. The other two main sources are payroll taxes and corporate income taxes.
What are the two main sources of income for the federal government?
The two main sources of income for the federal government are individual income taxes and payroll taxes. Individual income taxes are collected from the earnings of individuals and households, while payroll taxes fund social insurance programs like Social Security and Medicare. Together, these sources account for a significant portion of the government's revenue, enabling it to fund various programs and services.
What two levels of government do you pay income tax to?
The Federal government is the level of government we pay income taxes to.
How do you use the words income and incomes?
My income. Your income. Their income. I have two sources of income. I don't think "incomes" is very correct but it is entering popular usage.
What is the nickname of the country of Ireland and what are the country's two main sources of income?
Ireland is sometimes known as the Emerald Isle. Agricultural produce and tourism are major sources of income.
What is the main source of income for Illinois?
They generate it by getting paid from the government and getting ready for axels and war.
What are the two largest categories for federal spending?
Income security and health and education.
What are the two largest sources of revenue for states?
The answer is sales tax and excise tax. Sales tax is charges on purchases of goods and services, usually a percentage of the price. Excise tax is a charge on products such as alcoholic beverages, gasoline, and tobacco.
What are Mexico's 2 sources of income?
There are many, but two of them include revenue from oil exports and tourism.
What two fields are the most important sources of income for the Czech Avia company?
The two fields that are the most important sources of income for the Czech Avia Company are the automotive and aerospace sectors. They produce both single engined fighter bi-planes and trucks.
What are the two ways the federal government could respond to an increase in the economy?
raise income taxes and decrease government spending
The largest source of immigration to the United States today comes from which two areas?
The largest sources of immigration to the Unites States today are Mexico and China.
