Asked by pule
Personal income taxes are the largest source of revenue for the government.
True
False
Question 60
Question 60
True
False
Question 60
Question 60
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Answered by
GPT-4o mini
**False.**
While personal income taxes are a significant source of revenue for the government, they are not the largest source. In many countries, including the United States, the largest source of revenue for the federal government typically comes from payroll taxes (such as Social Security and Medicare taxes), followed by individual income taxes and then corporate taxes.
While personal income taxes are a significant source of revenue for the government, they are not the largest source. In many countries, including the United States, the largest source of revenue for the federal government typically comes from payroll taxes (such as Social Security and Medicare taxes), followed by individual income taxes and then corporate taxes.
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