Which statement is true?A) Most federal government revenue comes from the personal income tax.B) The federal personal income tax puts a greater burden on the poor and middle class.C) The United States is among the most highly taxed industrial countries.D) None is true.

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HALEE MASON · Accepted Answer

Final Answer : A, Explanation :  According to the Congressional Budget Office, in 2019 the personal income tax accounted for 51% of all federal revenue.Answer: BThe personal income tax is a progressive tax, meaning that those with higher incomes generally pay a higher percentage of their income in taxes. However, various deductions, credits, and exemptions can reduce the effective tax rate for some taxpayers.Answer: DNone of the statements are true. While the United States has a relatively high corporate tax rate compared to other countries, it has a relatively low individual tax burden compared to other developed nations. Additionally, most federal revenue comes from sources other than the personal income tax, such as payroll taxes and corporate taxes.

Which statement is true?

A) Most federal government revenue comes from the personal income tax.
B) The federal personal income tax puts a greater burden on the poor and middle class.
C) The United States is among the most highly taxed industrial countries.
D) None is true.

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