and are the largest sources of revenue collected by the federal government.

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25-07-2022
Social Studies

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and are the largest sources of revenue collected by the federal government.

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Baraq Baraq · Answer 1 · 2022-08-01T16:34:11+02:00

Personal income taxes and Social Security taxes are the largest sources of federal government revenues collected be the same federal government. The federal government gets approximately 75 percent of its revenue from these sources. Read below about Personal income taxes and Social Security taxes.

What is a Personal income tax?

The personal income tax otherwise known as individual income tax is a tax levied on the wages, salaries, dividends, interest, and other income a person earns throughout the year. The tax is generally imposed by the state in which the income is earned.

Therefore, the correct answers are as given above

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________ and ________ are the largest sources of revenue collected by the federal government.

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What is a Personal income tax?

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and are the largest sources of revenue collected by the federal government.