In the United States, individual income taxes (federal, state, and local) were the primary source of tax revenue in 2020, at 42.1 percent of total tax revenue. Social insurance taxes (including payroll taxes for Social Security and Medicare) made up the second-largest share, at 23.8 percent, followed by consumption taxes, at 16.6 percent, and property taxes, at 11.4 percent. Corporate income taxes accounted for 6 percent of total U.S. tax revenue in 2020.
Source Tax Foundation
Latest Posts in "United States"
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