How much revenue did the U.S. receive in 2010?
During FY 2010, the federal government collected approximately $2.16 trillion in tax revenue. Primary receipt categories included individual income taxes (42%), Social Security/Social Insurance taxes (40%), and corporate taxes (9%). Other types included excise, estate and gift taxes. Thanks!
Answered -
About Taxes
Taxes are a financial charge or other levy upon a taxpayer by a governing body. Taxes are used to carry out functions of the state and cover costs. Taxes are also the result of citizens demands for accountable representation.
About Income Tax
The Income Tax is a tax imposed by the Federal, most states and local governments. The income tax is determined by applying a tax rate to an income bracket. In 2011, taxes are due on April 15th.
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