Based on the amounts acquired from these taxation types, the order will be:
- Individual income tax.
- Social security and Medicare taxes.
- Corporate income taxes.
- Excise taxes.
- Customs duties.
- Miscellaneous revenue.
Sources of U.S. government revenue
The major source are the individual income taxes which are collected from all employed and self-employed people. Following which are social security taxes as these are collected from everyone as well.
Corporate income taxes then follow behind after which comes excise taxes. Customs duties from imports and miscellaneous revenue then round up the list.
In conclusion, there are several sources of government revenue.
Find out more on excise taxes at https://brainly.com/question/9036974.
