Government Revenues in the United States increased to 526445 USD Million in June from 371229 USD Million in May of 2025. This dataset provides - United States Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 government current tax receipts (W006RC1Q027SBEA) from Q1 1947 to Q1 2025 about receipts, tax, federal, government, GDP, and USA.

Daily overview of federal revenue collections such as income tax deposits, customs duties, fees for government service, fines, and loan repayments.

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.

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

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.

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.

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.

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.

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.

This summary table shows, for Budget Receipts, the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for various types of receipts (i.e. individual income tax, corporate income tax, etc.). The Budget Outlays section of the table shows the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for agencies of the federal government. The table also shows the amounts for the budget/surplus deficit categorized as listed above. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

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.

United States US: General Government: Revenue: Taxes: Income and Profits data was reported at 573.329 USD bn in Mar 2018. This records a decrease from the previous number of 613.311 USD bn for Dec 2017. United States US: General Government: Revenue: Taxes: Income and Profits data is updated quarterly, averaging 440.231 USD bn from Mar 2001 (Median) to Mar 2018, with 69 observations. The data reached an all-time high of 613.311 USD bn in Dec 2017 and a record low of 288.604 USD bn in Sep 2003. United States US: General Government: Revenue: Taxes: Income and Profits data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Government Finance: Operations Statement: Quarterly.

United States US: Central Government: Revenue: Taxes: Income and Profits data was reported at 449.496 USD bn in Mar 2018. This records a decrease from the previous number of 491.477 USD bn for Dec 2017. United States US: Central Government: Revenue: Taxes: Income and Profits data is updated quarterly, averaging 350.108 USD bn from Mar 2001 (Median) to Mar 2018, with 69 observations. The data reached an all-time high of 491.867 USD bn in Sep 2017 and a record low of 226.281 USD bn in Sep 2003. United States US: Central Government: Revenue: Taxes: Income and Profits data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Government Finance: Operations Statement: Quarterly.

United States US: Central Government: Revenue: Taxes: Income and Profits data was reported at 1,944.008 USD bn in 2017. This records an increase from the previous number of 1,871.737 USD bn for 2016. United States US: Central Government: Revenue: Taxes: Income and Profits data is updated yearly, averaging 1,395.027 USD bn from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 1,944.008 USD bn in 2017 and a record low of 963.255 USD bn in 2003. United States US: Central Government: Revenue: Taxes: Income and Profits data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Government Finance: Operations Statement: Annual.

Revenue from corporate income tax in the United States amounted to 420 billion U.S. dollars in 2023. The forecast predicts an increase in corporate income tax revenue up to 551 billion U.S. dollars in 2034.

Graph and download economic data for Federal government current tax receipts: Taxes on corporate income (NA000322Q) from Q1 1947 to Q1 2025 about receipts, tax, federal, corporate, government, income, GDP, and USA.

In 2021, Oregon sourced **** percent of its tax revenue from person income, and a further *** percent from corporate income tax. Some states, such as Alaska, Texas, and Florida do not collect personal income tax, but collect a majority of their tax revenues from general sales tax.

The United States recorded a government budget surplus of 27000 USD Million in June of 2025. This dataset provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.