Question

This figure illustrates that as of 2018, state governments:

1. Received most of their revenue from the federal government.

2. Received a significant percentage of their revenue, but not a majority of their revenue, from the federal government.

3. Received virtually no money at all from the federal government.

Answer 1

This figure illustrates that as of 2018, state governments:

1. Received most of their revenue from the federal government.

What is federal revenue

Federal revenue refers to the total income or funds generated by the federal government of a country through various sources. These sources include taxes, tariffs, duties, fees, and other income streams collected by the government.

Federal revenue plays a crucial role in funding government operations, programs, services, infrastructure, defense, social welfare initiatives, and more.

Taxes, including income tax, corporate tax, excise tax, and payroll taxes, constitute a significant portion of federal revenue.