Which of the following is the largest source of funds for the federal government? I am thinking either

(B) OR (D)
a. property taxes
b. borrowing
c. excise taxes
d. income taxes
e. tariffs

I believe it is B

but check with peers who may be doing the same sort of thing
Remember we are not in the classroom with you so we do not specify in these areas as much but we will give you are opinions and offer you the support and help that we are able to give

D is correct.

http://www.taxpolicycenter.org/briefing-book/background/numbers/revenue.cfm

To determine which source of funds is the largest for the federal government, you can analyze each option and consider the relative importance and contribution of each source.

a. Property taxes: Property taxes are levied by local governments to fund local services such as schools, infrastructure, and public safety. It is not typically a direct source of funds for the federal government.

b. Borrowing: Borrowing refers to the federal government's issuance of Treasury securities (such as Treasury bonds, notes, and bills) to finance its spending when it exceeds its revenue. While borrowing is an essential component of financing for the federal government, it is not considered a revenue source.

c. Excise taxes: Excise taxes are typically charged on specific goods or activities such as gasoline, alcohol, tobacco, and luxury items. While excise taxes contribute to federal revenue, they are not typically the largest source of funds.

d. Income taxes: Income taxes are a significant revenue source for the federal government. It is levied on individuals and businesses based on their income levels and profits. Income taxes are withheld from employee salaries and also collected through other means, such as quarterly estimated tax payments. Income taxes are one of the primary sources of federal funds.

e. Tariffs: Tariffs are taxes imposed on imported goods and services. While tariffs do generate revenue for the federal government, their contribution can vary depending on trade relations and policies. Tariffs alone are not typically the largest source of funds.

Considering the options given, "income taxes" (option d) is the largest source of funds for the federal government among the choices provided. Income taxes contribute a significant portion of government revenue and are collected from both individuals and businesses.