Key information about US Tax revenue: % of GDP

• United States Tax revenue: % of GDP was reported at 16.6 % in Dec 2024.
• This records an increase from the previous number of 16.2 % for Dec 2023.
• US Tax revenue: % of GDP data is updated yearly, averaging 17.0 % from Dec 1968 to 2024, with 57 observations.
• The data reached an all-time high of 19.5 % in 2000 and a record low of 13.7 % in 2009.
• US Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from monthly Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Individual Income Taxes, Corporation Income Taxes, Social Insurance Taxes, Excise Tax, Estate and Gift Taxes and Customs Duties. The Bureau of the Fiscal Service provides Tax Revenue in USD. The Bureau of Economic Analysis provides Nominal GDP in USD.

Graph and download economic data for Revenue from Households for Other Information Services, Establishments Subject to Federal Income Tax (HHD519TAXABL157QNSA) from Q4 2012 to Q1 2025 about information, revenue, establishments, tax, federal, households, income, rate, and USA.

Income tax revenue in the United States amounted to 2.18 trillion U.S. dollars in 2023, which was about 8.1 percent of the U.S. GDP. The forecast predicts an increase in income tax revenue up to 3.97 trillion U.S. dollars in 2034, which would be about 9.3 percent of the projected U.S. GDP. The annual inflation rate in the U.S. since 1990 can be accessed here.

Graph and download economic data for Total Revenue for Administrative and Support Services, Establishments Subject to Federal Income Tax (REV561TAXABL157QNSA) from Q4 2006 to Q1 2025 about administrative, support activities, revenue, establishments, tax, federal, income, rate, and USA.

In 2024/25, income tax receipts in the United Kingdom amounted to 301 billion British pounds, compared with 275 billion in the previous year. Although the value of income tax receipts has grown quite consistently throughout this period, there is a sharp increase observable from 2021/22 onwards. The period of high inflation from 2021 onwards led to faster wage growth, which pushed many UK workers into higher tax bands, resulting in the increased income tax revenue. Income tax brackets The amount which workers in the United Kingdom pay in income tax is determined by how much they earn, placing them in different income tax bands. All workers in the United Kingdom are entitled to earn a personal allowance of 12,750 pounds before they are charged income tax. The Basic rate of 20 percent applies to income between 12,750 and 50,270 pounds, with a higher rate of 40 percent charged on incomes between 50,271 and 125,140 pounds. The highest tax band stands at 45 percent, for earnings over 125,140 pounds. Main UK taxes Income tax is the largest source of UK government revenue, accounting for 11 percent of gross domestic product in 2025/26. Value Added Tax was the next largest source of UK government revenue, followed by National Insurance, and Corporation Tax. Value Added Tax or VAT is the largest indirect tax in the UK, and is raised via a 20 percent levy on most goods and services sold in the UK. National Insurance Contributions form an additional direct tax on earnings in the UK, while Corporation Tax taxes the profits of companies resident in the UK.

Graph and download economic data for State and local government current tax receipts: Personal current taxes: Income taxes (B245RC1Q027SBEA) from Q1 1958 to Q1 2025 about state & local, receipts, tax, government, personal, income, GDP, and USA.

This dataset contains the components of personal income tax revenue in actual and forecasted amounts. Dataset is intended to match charts and tables in the "Tax Revenue" section of the Mayor`s Message publication. Forecast values are from the April 2020 Executive Budget. The amount is in millions of dollars. Data are from FY2001 and updated once a year.

In 2023, the total revenues of the U.S. government totaled around 4.44 trillion U.S. dollars. Revenues consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes amounted to 2.18 trillion U.S. dollars in 2023, whereas corporate income taxes totaled 420 billion U.S. dollars.

Government Revenue: Tax: Enterprises Income: Heilongjiang: Jixi data was reported at 350.000 RMB mn in 2023. This records an increase from the previous number of 273.360 RMB mn for 2022. Government Revenue: Tax: Enterprises Income: Heilongjiang: Jixi data is updated yearly, averaging 234.810 RMB mn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 350.000 RMB mn in 2023 and a record low of 16.000 RMB mn in 2006. Government Revenue: Tax: Enterprises Income: Heilongjiang: Jixi data remains active status in CEIC and is reported by Jixi Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FC: Government Revenue: Tax: Enterprise Income: Prefecture Level City.

In 2023, revenue from individual income tax accounted for 49 percent of total tax revenues collected by the U.S. federal government. By 2029, these taxes are expected to account for 52 percent, reflecting a small decrease. Corporation income tax, however, is expected to increase from 9.4 percent in 2023, to 10.9 percent by 2029.

Taxes on income, profits, and capital gains as a share of total tax revenues vary significantly from country to country. For instance, in Timor-Leste, ** percent of the country's total tax revenues came from these types of taxes, whereas in Vanuatu and the Bahamas, with no income taxes, the rate was zero.

This graph shows the personal income tax revenue in China from 2014 to 2024. In 2024, revenues from personal income tax in China amounted to around 1.45 trillion yuan.

Government Revenue: Tax: Individual Income: Heilongjiang: Daqing data was reported at 335.560 RMB mn in 2022. This records an increase from the previous number of 291.340 RMB mn for 2021. Government Revenue: Tax: Individual Income: Heilongjiang: Daqing data is updated yearly, averaging 376.395 RMB mn from Dec 2005 (Median) to 2022, with 18 observations. The data reached an all-time high of 688.000 RMB mn in 2011 and a record low of 247.000 RMB mn in 2006. Government Revenue: Tax: Individual Income: Heilongjiang: Daqing data remains active status in CEIC and is reported by Daqing Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FC: Government Revenue: Tax: Individual Income: Prefecture Level City.

Government Revenue: Tax: Enterprises Income: Guangdong: Yangjiang data was reported at 708.050 RMB mn in 2023. This records a decrease from the previous number of 755.960 RMB mn for 2022. Government Revenue: Tax: Enterprises Income: Guangdong: Yangjiang data is updated yearly, averaging 315.370 RMB mn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 755.960 RMB mn in 2022 and a record low of 59.000 RMB mn in 2005. Government Revenue: Tax: Enterprises Income: Guangdong: Yangjiang data remains active status in CEIC and is reported by Yangjiang Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FC: Government Revenue: Tax: Enterprise Income: Prefecture Level City.

Government Revenue: Tax: Individual Income: Jiangsu: Taizhou data was reported at 1,442.000 RMB mn in 2023. This records a decrease from the previous number of 1,480.000 RMB mn for 2022. Government Revenue: Tax: Individual Income: Jiangsu: Taizhou data is updated yearly, averaging 782.100 RMB mn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 1,485.000 RMB mn in 2018 and a record low of 155.000 RMB mn in 2005. Government Revenue: Tax: Individual Income: Jiangsu: Taizhou data remains active status in CEIC and is reported by Taizhou Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FC: Government Revenue: Tax: Individual Income: Prefecture Level City.

Corporate income tax revenue in the United States amounted to 420 billion U.S. dollars in 2023, which was about 1.6 percent of the U.S. GDP. The forecast predicts an increase in corporate income tax revenue up to 551 billion U.S. dollars in 2034, which would be about 1.2 percent of the projected U.S. GDP.

Graph and download economic data for Federal government current tax receipts: Personal current taxes (A074RC1Q027SBEA) from Q1 1947 to Q1 2025 about receipts, tax, federal, government, personal, GDP, and USA.