What are the sources of revenue for the federal government? Q.What are the sources of revenue for the federal government? A.Roughly 80 percent comes from the individual income tax and the payroll taxes that fund social insurance programs (figure 1). Another 9 percent comes from the corporate income tax, and the rest is from a mix of sources. Read more about What are the sources of revenue for the federal government?
What is it a broad-based income tax? Q.What is a broad-based income tax? A.One that minimizes tax preferences with the goal of increasing revenue for a given rate of taxation. Read more about What is it a broad-based income tax?
What is the difference between marginal and average tax rates? Q.What is the difference between marginal and average tax rates? A. Average tax rates measure tax burden, while marginal tax rates measure the impact of taxes on incentives to earn, save, invest, or spend. Read more about What is the difference between marginal and average tax rates?
