<span>The largest proportion of federal revenues comes from personal income taxes (PIT). It is the </span>tax<span> levied on </span>income of a person and it <span>varies with the respective </span>income<span> or profits (taxable </span>income). <span>Personal income is the sum of all the incomes received by all the individuals during a given period. PIT is a tax to this income that the individual pays to the State. </span>
