In 2024, the total revenues of the U.S. government totaled around 4.92 trillion U.S. dollars. Revenues consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes amounted to 2.43 trillion U.S. dollars in 2024, whereas corporate income taxes totaled 530 billion U.S. dollars.

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2024 about receipts, federal, GDP, and USA.

Graph and download economic data for Federal government current tax receipts (NA000327Q) from Q1 1947 to Q2 2025 about receipts, tax, federal, government, GDP, and USA.

In the fiscal year of 2024, the state of California collected a total of 265 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 120 billion U.S. dollars.

Key information about US Tax revenue: % of GDP

• United States Tax revenue: % of GDP was reported at 16.5 % in Dec 2024.
• This records an increase from the previous number of 16.1 % for Dec 2023.
• US Tax revenue: % of GDP data is updated yearly, averaging 18.0 % 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.

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.

Graph and download economic data for Federal Receipts (FYFR) from 1901 to 2025 about receipts, federal, and USA.

The total receipts of the United States government added up to about 4.92 trillion U.S. dollars in 2024. This was a slight increase from 2023 levels.

Revenue from income tax in the United States amounted to about 2.43 trillion U.S. dollars in 2024. The forecast predicts an increase in income tax revenues up to 4.41 trillion U.S. dollars in 2035.

Graph and download economic data for National Totals of State and Local Tax Revenue: Total Taxes for the United States (QTAXTOTALQTAXCAT1USNO) from Q1 1992 to Q2 2025 about state & local, revenue, tax, government, and USA.

Income tax revenue in the United States was 8.4 percent of GDP in 2024. This amounted to a total value of 2.4 trillion U.S. dollars. The share of this expenditure was expected to increase to 10 percent of U.S. GDP by 2035.The annual inflation rate in the U.S. since 1990 can be accessed here.

Graph and download economic data for Total Federal Receipts (MTSR133FMS) from Oct 1980 to Sep 2025 about receipts, federal, and USA.

Graph and download economic data for Federal Government: Tax Receipts on Corporate Income (FCTAX) from 1929 to 2024 about receipts, tax, corporate, federal, government, income, GDP, and USA.

The total annual receipts of the U.S. government added up to about 8.4 trillion U.S. dollars in the first quarter of 2025. This is an increase from the first quarter of 2009, when annual governmental receipts totaled to about 3.7 trillion U.S. dollars.

Graph and download economic data for Federal Government Current Receipts (FGRECPT) from Q1 1947 to Q2 2025 about receipts, federal, government, GDP, and USA.

Graph and download economic data for Total Revenue for Water, Sewage and Other Systems, Establishments Subject to Federal Income Tax (REV2213TMSA) from Q1 2010 to Q2 2025 about waste, water, revenue, establishments, tax, federal, income, and USA.

Graph and download economic data for Total Revenue for Administrative and Support Services, Establishments Subject to Federal Income Tax (REV561TAXABL157QNSA) from Q4 2006 to Q2 2025 about support activities, administrative, revenue, establishments, tax, federal, income, rate, and USA.

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 Q2 2025 about individual, state & local, revenue, tax, Net, government, income, and USA.

Graph and download economic data for Total Revenue for Air Transportation, Establishments Subject to Federal Income Tax (REV481TMSA) from Q1 2010 to Q2 2025 about air travel, travel, revenue, establishments, transportation, tax, federal, income, and USA.

Graph and download economic data for Total Revenue for Natural Gas Distribution, Establishments Subject to Federal Income Tax (REV22121TMSA) from Q1 2010 to Q2 2025 about distributive, revenue, establishments, gas, tax, federal, income, and USA.