Question

Which type of tax makes up the largest percentage of money collected by the federal government through taxation?

Question 10 options:



Corporate income taxes




Excise taxes




Personal income taxes




Estate taxes

Answer 1

Answer:

Corporate income taxes

Explanation: Income taxes are the largest tax base in the United States. Income taxes (including taxes on individual and corporate income; and for the federal government, deductions from payrolls for social insurance and retirement) are a major source of revenue for federal, state and local governments.