Nkeown2016
Nkeown2016 Nkeown2016
  • 17-02-2019
  • English
contestada

What provides the largest portion of federal revenue

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ethanqiantsuchida
ethanqiantsuchida ethanqiantsuchida
  • 17-02-2019

individual income taxes

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hardysouthern
hardysouthern hardysouthern
  • 25-06-2019

Answer:

Individual Income Taxes

Explanation:

Since 1950, the Individual Income Tax has been the largest source of federal revenue. It consists of basically 48% of the total income of the US. Also, it makes for about 8.3% of GDP in 2017. It went up to 9.9% in 2000, and went down to 6.1% after the "Great Recession".

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