1. Federal revenues in 2017 came from the following sources (on the exam, you may be responsible for the rankings but I will not expect you to know the actual percentages): Percent of Source In Alphabetical order Source Federal Revenue Corporate income taxes 47.3% 34.1 % Employment taxes 2 Estate and gift taxes 3 9.2% Individual income tax 4 0.1% Subtotal 90.7% State revenue sources Federal revenue sources pi M Property tax Pemn d for deplin Estate & 2.0% gift taxes on% Other Other 8.3 % 6.4 % Excise Individual taxes income tax 2.9 % 371% Corporate income tax 9.2 % Individual Sales tax income tax 476% 473 % Employment taxes Corporate 34.1% income tax 5.0% st p0 income tax 9.2% Individual Sales tax 476 % income tax 47.3% Employment Corporate taxes 34.1 % income tax 5.0% 2. According to U.S. Bureau of Census (2017), the two largest sources of State tax revenues were (see pie-chart below) what you have learned about the different sources of federal and state revenues. 3. Comment on