Which one of the following taxes accounts for 80 percent of the money given to the federal government?
A. Local Taxes
B. Property Taxes
C. Personal Income Taxes
D. State Taxes

Personal Income Taxes account for about 80 percent of the revenue collected by the federal government, making them the most significant source of federal tax income. These taxes are applied to individual earnings in a progressive manner, placing a greater burden on higher earners. Other types of taxes, such as local, property, and state taxes, do not contribute nearly as much to federal revenue. ;

Answered by GinnyAnswer | 2025-07-03

Personal Income Taxes account for approximately 80 percent of federal government revenue, making them the largest source of income. These taxes are progressive and target individual earnings. Other taxes like local, property, and state taxes offer much smaller contributions to federal funding.
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Answered by Anonymous | 2025-07-04