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In Business / High School | 2014-05-20

Over 75% of the revenue received by the federal government is from ____ and ____ taxes.

Asked by MarleneLicea

Answer (2)

Social security and individual income taxes

Answered by soniaagarwal09 | 2024-06-10

The main sources of over 75% of federal revenue are individual income taxes and payroll taxes. Individual income taxes are based on earnings, while payroll taxes fund social programs like Social Security and Medicare. Together, they account for the vast majority of the federal government’s revenue.
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Answered by soniaagarwal09 | 2024-12-23