What is the largest source of federal tax revenues?

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2026-04-22 09:01

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The largest source of federal tax revenues in the United States comes from individual income taxes, which account for a significant portion of total tax receipts. Social Security and Medicare taxes, collected through payroll taxes, also contribute substantially to federal revenue. Corporate income taxes and excise taxes follow, but they represent a smaller share compared to individual income taxes. Overall, individual income taxes remain the dominant source of federal funding.

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