The total receipts of the United States government added up to about 4.44 trillion U.S. dollars in 2023. This was a slight decrease from 2022 levels. By 2029, the total receipts of the U.S. government are expected to increase to about 6.8 trillion U.S. dollars.
In the fiscal year of 2023, the state of California collected a total of 220.59 billion U.S. dollars in tax revenue, the highest of any state. New York collected the second highest amount of taxes in that year, coming in at 125.19 billion U.S. dollars.
Revenue from income tax in the United States amounted to about 2.18 trillion U.S. dollars in 2023. The forecast predicts an increase in income tax revenues up to 3.97 trillion U.S. dollars in 2034.
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Key information about United States Tax Revenue
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Graph and download economic data for Federal Government: Tax Receipts on Corporate Income (FCTAX) from 1929 to 2024 about receipts, tax, federal, corporate, government, income, GDP, and USA.
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Graph and download economic data for National Totals of State and Local Tax Revenue: Total Taxes for the United States (QTAXTOTALQTAXCAT1USYES) from Q1 2009 to Q4 2024 about state & local, revenue, tax, government, and USA.
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This dataset presents information on historical central government revenues for 31 countries in Europe and the Americas for the period from 1800 (or independence) to 2012. The countries included are: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, Ecuador, Finland, France, Germany (West Germany between 1949 and 1990), Ireland, Italy, Japan, Mexico, New Zealand, Norway, Paraguay, Peru, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, Uruguay, and Venezuela. In other words, the dataset includes all South American, North American, and Western European countries with a population of more than one million, plus Australia, New Zealand, Japan, and Mexico. The dataset contains information on the public finances of central governments. To make such information comparable cross-nationally the researchers chose to normalize nominal revenue figures in two ways: (i) as a share of the total budget, and (ii) as a share of total gross domestic product. The total tax revenue of the central state is disaggregated guided by the Government Finance Statistics Manual 2001 of the International Monetary Fund (IMF) which provides a classification of types of revenue, and describes in detail the contents of each classification category. Given the paucity of detailed historical data and the needs of our project, researchers combined some subcategories. First, they were interested in total tax revenue, as well as the shares of total revenue coming from direct and indirect taxes. Further, they measured two sub-categories of direct taxation, namely taxes on property and income. For indirect taxes, they separated excises, consumption, and customs.
In the fiscal year of 2022, state government tax revenues in the United States amounted to about 1.46 trillion U.S. dollars. This is an increase from the previous year, when state government tax revenues amounted to about 1.27 trillion U.S. dollars.
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Graph and download economic data for State and local government current tax receipts (W070RC1Q027SBEA) from Q1 1947 to Q4 2024 about state & local, receipts, tax, government, GDP, and USA.
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Graph and download economic data for Federal Government Current Receipts (FGRECPT) from Q1 1947 to Q3 2024 about receipts, federal, government, GDP, and USA.
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United States Tax Revenue: State Govt data was reported at 304.820 USD bn in Jun 2018. This records an increase from the previous number of 250.385 USD bn for Mar 2018. United States Tax Revenue: State Govt data is updated quarterly, averaging 146.237 USD bn from Mar 1988 (Median) to Jun 2018, with 122 observations. The data reached an all-time high of 304.820 USD bn in Jun 2018 and a record low of 62.681 USD bn in Sep 1988. United States Tax Revenue: State Govt data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.F007: State and Local Government: Tax Revenue.
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Graph and download economic data for National Totals of State and Local Tax Revenue: T40 Individual Income Taxes for the United States (QTAXT40QTAXCAT1USYES) from Q1 2009 to Q4 2024 about individual, state & local, revenue, tax, Net, government, income, and USA.
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Graph and download economic data for Federal government current tax receipts: Taxes on corporate income from Q1 1947 to Q3 2024 about receipts, tax, federal, corporate, government, income, GDP, and USA.
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United States Tax Revenue: State Govt: Motor Fuel Sales data was reported at 13.143 USD bn in Jun 2018. This records an increase from the previous number of 12.080 USD bn for Mar 2018. United States Tax Revenue: State Govt: Motor Fuel Sales data is updated quarterly, averaging 8.281 USD bn from Mar 1988 (Median) to Jun 2018, with 122 observations. The data reached an all-time high of 13.143 USD bn in Jun 2018 and a record low of 4.154 USD bn in Mar 1988. United States Tax Revenue: State Govt: Motor Fuel Sales data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.F007: State and Local Government: Tax Revenue.
In 2021, state and local governments in the United States collected about 6,334 U.S. dollars per capita in tax revenue. This is a significant increase from the previous year, when state and local governments collected 5,627 U.S. dollars per capita in tax revenue.
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Graph and download economic data for National Totals of State and Local Tax Revenue: T01 Property Taxes, 4 Quarters Ending for the United States (QTAXT014QEQTAXCAT1USNO) from Q1 1992 to Q4 2024 about state & local, revenue, tax, government, and USA.
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United States Tax Revenue: State Govt: Individual Income data was reported at 118.717 USD bn in Jun 2018. This records an increase from the previous number of 98.750 USD bn for Mar 2018. United States Tax Revenue: State Govt: Individual Income data is updated quarterly, averaging 50.639 USD bn from Mar 1988 (Median) to Jun 2018, with 122 observations. The data reached an all-time high of 118.717 USD bn in Jun 2018 and a record low of 18.914 USD bn in Sep 1988. United States Tax Revenue: State Govt: Individual Income data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.F007: State and Local Government: Tax Revenue.
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.
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United States - Sources of Revenue: Investment and Property Income for Scientific Research and Development Services, Establishments Exempt from Federal Income Tax Employer Firms was 3395.00000 Mil. of $ in January of 2021, according to the United States Federal Reserve. Historically, United States - Sources of Revenue: Investment and Property Income for Scientific Research and Development Services, Establishments Exempt from Federal Income Tax Employer Firms reached a record high of 3395.00000 in January of 2021 and a record low of 1093.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Sources of Revenue: Investment and Property Income for Scientific Research and Development Services, Establishments Exempt from Federal Income Tax Employer Firms - last updated from the United States Federal Reserve on March of 2025.
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United States Tax Revenue: State & Local Govt: Sales data was reported at 110.512 USD bn in Jun 2018. This records an increase from the previous number of 97.166 USD bn for Mar 2018. United States Tax Revenue: State & Local Govt: Sales data is updated quarterly, averaging 58.459 USD bn from Mar 1988 (Median) to Jun 2018, with 122 observations. The data reached an all-time high of 110.512 USD bn in Jun 2018 and a record low of 26.573 USD bn in Mar 1988. United States Tax Revenue: State & Local Govt: Sales data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.F007: State and Local Government: Tax Revenue. Beginning with the third quarter of 2013, the Quarterly Survey of Selected Non-property Taxes (F-73) was redesigned. The scope of the survey was updated to focus only on four tax categories such as property, general sales, personal income and corporate income taxes.
The total receipts of the United States government added up to about 4.44 trillion U.S. dollars in 2023. This was a slight decrease from 2022 levels. By 2029, the total receipts of the U.S. government are expected to increase to about 6.8 trillion U.S. dollars.