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What are the two main sources of income for the federal government?

User MattH
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income taxes, payroll taxes, and corporate income taxes
User Twill
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6 votes

Answer:

Personal income taxes and social insurance taxes.

Step-by-step explanation:

The personal income tax is the tax that citizens pay on the money they earn from work. The percentage depends on the amount of income, as there are seven brackets a person could fall into. As income rises, higher taxes are imposed, to some extent (this is not true for those in the highest bracket). Social insurance taxes are the taxes that are placed on both employers and employees in order to fund the Social Security Program. These are collected in the form of a payroll tax.

User Tourdownunder
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