The correct answer is: A. 70 percent
Indirect taxes are taxes that are levied on goods and services, and are paid by the consumer when they purchase the goods or services. The government then collects the tax from the seller. Indirect taxes are a major source of revenue for governments around the world.
In the United States, indirect taxes account for approximately 70% of federal revenue. The main types of indirect taxes in the United States are sales taxes, excise taxes, and customs duties.
Sales taxes are levied on the sale of goods and services. Excise taxes are levied on specific goods or services, such as gasoline, tobacco, and alcohol. Customs duties are levied on imported goods.
Indirect taxes are a relatively efficient way to collect revenue. They are easy to administer and collect, and they are difficult to evade. However, indirect taxes can be regressive, meaning that they place a greater burden on low-income households than on high-income households.
The other options are incorrect because they do not accurately reflect the proportion of indirect taxes in the country’s revenue.