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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?'
What else can I help you with?
Is excise tax the largest source of revenue in the u.s.?
No, excise tax is not the largest source of revenue in the U.S. The largest source of federal revenue comes from individual income taxes, followed by payroll taxes. Excise taxes, which are levied on specific goods and services, contribute a smaller portion to the overall tax revenue.
What produces the largest amount of federal revenue in the US?
The tax on individuals' incomes regularly produces the largest amount of federal revenue.
What is the largest source of federal tax revenue come from?
The largest source of federal tax revenue in the United States comes from individual income taxes. This category includes taxes paid by individuals on their earnings, which account for a significant portion of total federal revenue. In addition to individual income taxes, payroll taxes for Social Security and Medicare also contribute notably to federal revenue. Together, these sources form the backbone of funding for various government programs and services.
Largest source of revenue for the federal government?
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
Where does largest source of federal revenue from taxes come from?
Income Taxes(:
What is The largest portion of the federal government budget is spent on?
The largest portion of the federal government's budget is spent on national defense. The defense of the nation is very important because it is what spurs national growth.
What is the largest source of Federal revenue in us?
Individual Income Tax <3
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 is the largest single source of revenue for the federal government?
In the United States, it's Personal Income Tax.
The largest allocation in the federal budget goes to?
The largest portion of the federal government's budget is spent on national defense. The defense of the nation is very important because it is what spurs national growth.
What makes up the largest portion of uncontrollable spending in the national budget?
The largest portion of uncontrollable spending in the federal budget is the spending that Congress approves.
What are the two largest sources of income for our government?
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.
