What is the United States government's largest source of revenue?
1 Answer | Add Yours
By far the largest source of revenue for the United States federal government (as opposed to state and local governments) is income tax and payroll taxes from private individuals.
Between them, these two kinds of taxes (payroll taxes are taken our for things like Social Security and Medicare -- they are taken straight out of your paycheck without you asking for it to happen) make up eighty percent of the government's revenues.
The next biggest source of revenue is corporate income taxes (those paid by businesses and not by individuals). This makes up about 12% of the total.
Please follow the link for more information.
Join to answer this question
Join a community of thousands of dedicated teachers and students.Join eNotes