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The two largest sources of tax revenue for the U.S.federal government area. personal and corporate income taxes.b. personal income taxes and payroll taxes for socialinsurance.c. corporate income taxes and payroll taxes for socialinsurance.d. payroll taxes for social insurance and property taxes.
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a. private goods and club goods.
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The Design of the Tax System
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so Hi, everyone. So this is question number one from Chapter Self. So as you can see, this is sort of conceptual problem that these questions about let us to find what is what are two largest their sources off tax revenue for the U. S. Federal government. And the best way to answer this sort of conceptual problem is go back to your task book. Try to figure out what task books tells us. So this to our screen shot is from forecast book page Sue. 230 in this is Left Parents. The right hand side is 231. So if we look at the first sentence here, come here to assess the largest yourself revenue for the federal government's. So it's perfectly match. We want fun, choose largest source. So if there's a larger 1st 1st half off, the question has been answered. So So we sort of ignore this whole chunk and who goes until here to look at the second chunk Success paid. Or Texas, almost as if as important to the federal government as important, means that its last informant it's not Dutchman for is as important. So it's me if he's second largest source of tests. Ramen. They If you are now sure, whether it's the right answer, ignore this whole chunk on your here operating income. Texas. So it's much smaller than either personal taxi incumbents, the personal income, Texas or Social insurance, Texas. So after waiting this in his, we can sure, we found we got the right answer. So the two largest sources off tax revenue Personal income, Texas and Pedro, Texas. So I'm sure that's what you are convinced, right? So this kind of president always concert by carefully reading your tax book lined by a lot after you got the right answer like this part you can't ignore and the trip in the with further to riff or they're waiting for their to find the second half off. The answer off the question.
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