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The federal government collects revenue from a variety of sources.
Revenue from corporate income taxes has been decreasing as a share of GDP
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
Most federal revenues come from individual income and payroll taxes
Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
The top 1 percent of taxpayers generate 26 percent of individual income tax revenues.
Effective tax rates increase with income.
All income groups pay taxes, but overall the U.S. tax system is progressive.