Questions: Question 17 3.33 pts According to the textbook, one of the biggest revenue sources for the U.S. federal government is sales tax individual income taxes the annual national bake sale

Question 17 3.33 pts According to the textbook, one of the biggest revenue sources for the U.S. federal government is sales tax individual income taxes the annual national bake sale
Transcript text: Question 17 3.33 pts According to the textbook, one of the biggest revenue sources for the U.S. federal government is sales tax individual income taxes the annual national bake sale
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Solution

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Answer

The answer is individual income taxes.

Explanation
Option 1: Sales tax

Sales tax is primarily a revenue source for state and local governments, not the federal government. The federal government does not impose a general sales tax.

Option 2: Individual income taxes

Individual income taxes are indeed one of the largest sources of revenue for the U.S. federal government. According to data from the Congressional Budget Office (CBO) and the Internal Revenue Service (IRS), individual income taxes consistently make up a significant portion of federal revenue.

Option 3: The annual national bake sale

This option is clearly a humorous or fictional choice and does not represent a real source of federal revenue.

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