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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

The two largest sources of 1ax revenue for the U.S. federal government are

a. personal and corporate income taxes.

b. personal income taxes and payroll taxes for social insurance.

c. corporate income taxes and payroll taxes for social insurance.

d. payroll taxes for social insurance and property taxes.

To determine
The two most important sources of tax revenue for the federal government, state government and local government.

Explanation

Personal income tax and payroll tax are the two most important sources of tax revenue for the federal gov...

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