Asked by
Angela Welshans
on Oct 13, 2024Verified
The federal government gets _____ of its tax revenue from direct taxes.
A) all.
B) nearly all
C) about half
D) less than half
E) none
Direct Taxes
Taxes levied directly on an individual's or organization's income or wealth, such as income tax or property tax.
Tax Revenue
The income that is gained by governments through taxation from individuals and businesses.
Federal Government
The national government of a federation, which holds authority over the political units constituting the federation, handling matters that affect the country as a whole.
- Understand the difference between direct and indirect taxes, and their respective impacts.
Verified Answer
DS
Learning Objectives
- Understand the difference between direct and indirect taxes, and their respective impacts.