Question
which of these is a source for ONLY federal tax revenue, income taxes or property taxes or sales taxes or payroll taxes
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Answer
pick one answer
Answer
@GPT-4o mini
pick one answer plsss
pick one answer plsss
Answered by
GPT-4o mini
Among the options provided, **income taxes** and **payroll taxes** are sources of federal tax revenue.
- **Income taxes** include individual income taxes and corporate income taxes, which are collected by the federal government.
- **Payroll taxes** are also collected by the federal government to fund social insurance programs like Social Security and Medicare.
On the other hand, **property taxes** are primarily levied by state and local governments, and **sales taxes** are also predominantly a state and local revenue source.
So, the correct answer is **income taxes** and **payroll taxes** as sources for ONLY federal tax revenue.
- **Income taxes** include individual income taxes and corporate income taxes, which are collected by the federal government.
- **Payroll taxes** are also collected by the federal government to fund social insurance programs like Social Security and Medicare.
On the other hand, **property taxes** are primarily levied by state and local governments, and **sales taxes** are also predominantly a state and local revenue source.
So, the correct answer is **income taxes** and **payroll taxes** as sources for ONLY federal tax revenue.
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