I want to know the top three sources of revenue for the federal budget of the United States. Specifically, I'm interested in understanding where the government gets most of its funding from.
5 answers
Fri Jan 10 2025
These two categories significantly contributed to the overall federal income.
Fri Jan 10 2025
In 2023, the total federal receipts amounted to $4.4 trillion.
Fri Jan 10 2025
Other notable sources of federal revenues included the corporate income tax, customs duties, and excise taxes.
Fri Jan 10 2025
This figure represented approximately 16.5 percent of the gross domestic product (GDP) for the year.
Fri Jan 10 2025
The primary sources of federal revenues were the individual income tax and payroll taxes.