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U.S. federal tax revenue is made up of the total tax receipts received by the government each year. Most of it is paid either through income taxes or payroll taxes. The rest is made up of estate taxes, excise and customs duties, and interest on the Federal Reserve's holdings of U.S. Treasurys.
How much revenue has the U.S. government collected this year? Government revenue is income received from taxes and other sources to pay for government expenditures. The U.S. government has collected $NaN million in fiscal year .
Sources of federal tax revenues. State and local government tax. Tax burden of the population. Find the most up-to-date statistics and facts on U.S. government tax revenue.
Federal tax revenue by source, 1934-2018. Compare federal tax revenue by source over time from 1934 to 2018. See more federal tax revenue analysis.
US Tax Revenue was reported at 523.014 USD bn in Sep 2024. This records an increase from the previous figure of 294.515 USD bn for Aug 2024. US Tax Revenue data is updated monthly, averaging 107.165 USD bn from Dec 1967 to Sep 2024, with 682 observations.
Download Report. (21.07 KB) Display Date. May 20, 2024. Receipt composition by type of tax from 1934 to 2029. Statistics Type Overview Federal Receipts & Outlays. Primary topic Federal Budget and Economy. Topics Corporate income tax Federal budget Federal revenue Revenue sources Consumption taxes (individual) Income tax (individual) Subscribe ...
In the U.S., individual income taxes (federal, state, and local) are the primary source of tax revenue, at 41.5 percent of total tax revenue. Social insurance taxes make up the second-largest share, at 24.9 percent, followed by consumption taxes, at 17.6 percent, and property taxes, at 12.1 percent.