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The Name
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l am in a discussion about flat taxes and National sales tax.One of the areas of discussion is How much of the governments income is generated by personal income tax payments
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hehe
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IN 2005, personal income taxes generated 43% of total federal government receipts (not budget, since the budget is in deficit).
Source: http://house.gov/jct/x-2-07.pdf (page 17).
By 2007, this had risen to 45% of total receipts.
Source: http://house.gov/jct/x-32-08.pdf (page 16)
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Dudley
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(2007 numbers)
Federal income tax individual brings in 1,366,241,000,000 dollars, the corporate income tax 395,536,000,000. Total about 2,691,538,000,000.
Simple answer, more than half for personal and corporate income tax.
Employment taxes were 849,733,000,000, (at 15.3% of employment wages, roughly)
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