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.

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.

Key information about United States Tax Revenue

• US Tax Revenue was reported at 510.819 USD bn in Jan 2025.
• This records an increase from the previous figure of 451.093 USD bn for Dec 2024.
• US Tax Revenue data is updated monthly, averaging 107.897 USD bn from Dec 1967 to Jan 2025, with 686 observations.
• The data reached an all-time high of 851.434 USD bn in Apr 2022 and a record low of 10.507 USD bn in Oct 1968.
• US Tax Revenue 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: USD: Monthly.

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 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.

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

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.

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

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 July of 2025.

United States US: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data was reported at 53.743 % in 2016. This records a decrease from the previous number of 54.048 % for 2015. United States US: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data is updated yearly, averaging 53.312 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 59.358 % in 1972 and a record low of 45.501 % in 2009. United States US: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

Graph and download economic data for National Totals of State and Local Tax Revenue: T40 Individual Income Taxes for the United States (QTAXT40QTAXCAT1USNO) from Q1 1992 to Q1 2025 about individual, state & local, revenue, tax, Net, government, income, 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.

United States - Revenue from Households for Information, Establishments Subject to Federal Income Tax was 191205.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Revenue from Households for Information, Establishments Subject to Federal Income Tax reached a record high of 195689.00000 in October of 2024 and a record low of 85571.00000 in January of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Revenue from Households for Information, Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.

United States Tax Revenue: State & Local Govt: Corporate Income data was reported at 24.619 USD bn in Jun 2018. This records an increase from the previous number of 9.961 USD bn for Mar 2018. United States Tax Revenue: State & Local Govt: Corporate Income data is updated quarterly, averaging 9.745 USD bn from Mar 1988 (Median) to Jun 2018, with 122 observations. The data reached an all-time high of 24.619 USD bn in Jun 2018 and a record low of 4.399 USD bn in Dec 1990. United States Tax Revenue: State & Local Govt: Corporate 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. 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.

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.

United States - Revenue from Governments for Information, Establishments Subject to Federal Income Tax was 32254.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Revenue from Governments for Information, Establishments Subject to Federal Income Tax reached a record high of 32908.00000 in October of 2024 and a record low of 11989.00000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Revenue from Governments for Information, Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.

United States - Revenue from Governments for Information, Establishments Subject to Federal Income Tax was -2.00000 % Chg. in January of 2025, according to the United States Federal Reserve. Historically, United States - Revenue from Governments for Information, Establishments Subject to Federal Income Tax reached a record high of 18.10000 in April of 2013 and a record low of -19.20000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Revenue from Governments for Information, Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.

United States - Revenue from Households for Telecommunications, Establishments Subject to Federal Income Tax was 105050.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Revenue from Households for Telecommunications, Establishments Subject to Federal Income Tax reached a record high of 108395.00000 in October of 2024 and a record low of 87624.00000 in January of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Revenue from Households for Telecommunications, Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.

United States US: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains data was reported at 1,871.737 USD bn in 2016. This records a decrease from the previous number of 1,876.251 USD bn for 2015. United States US: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains data is updated yearly, averaging 683.680 USD bn from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 1,876.251 USD bn in 2015 and a record low of 126.960 USD bn in 1972. United States US: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;