2010s taxes 2000s taxes 1990s taxes 1980s taxes 1970s taxes 1960s taxes 1950s taxes 1940s taxes 1930s taxes 1920s taxes 1910s taxes 1900s taxes 1890s taxes 1880s taxes 1870s taxes 1860s taxes 1850s taxes 1840s taxes 1830s taxes 1820s taxes 1810s taxes 1800s taxes 1790s taxes
In 2013 the governments in the United States are expected to collect about 33 percent of Gross Domestic Product in revenue. The federal government will collect about 17 percent of GDP, the states will collect about 10 percent of GDP, and local governments about 7 percent of GDP.
Governments in the US will collect $5.4 trillion in 2013.
Table 3.01: Total Revenue in 2013
In fiscal 2013 the federal government estimates revenue will be $2.7 trillion. State revenue for 2013 is "guesstimated" by usgovernmentrevenue.com at $1.6 trilion and local government revenue is "guesstimated" by usgovernmentrevenue.com at $1.1 trillion.
Total revenue at all levels of government in the United States is "guesstimated" by usgovernmentrevenue.com to be $5.4 trillion in 2013.
The governments in the US collect about $3.2 trillion in a year income and payroll taxes.
Table 3.02: Total Revenue Breakdown FY 2013
Income tax is where governments collect the most tax: federal, state, and local, they will collect about $1.9 trillion in 2013. Next in line are ad-valorem taxes, i.e. sales taxes and property taxes: governments will collect about $1.1 trillion in 2013 Social insurance taxes, including Social Security, unemployment and hospital taxes, will add up to $1.1 trillion. Fees and Charges will add up to $0.5 trillion, and Business and Other Revenue will add up to $0.8 trillion in 2013.
These revenue estimates are based on projections in the federal budget for federal revenue and on "guesstimates" of state and local revenue by usgovernmentrevenue.com
Chart 3.05: Federal Revenue Pie
Federal revenue is budgeted at $2.7 trillion for FY 2013. Almost all revenue comes from income taxes, individual and corporate, at 56 percent of total federal revenue; and social insurance taxes, at 35 percent of total federal revenue.
Chart 3.06: State Revenue Pie
State government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.6 trillion in FY 2013, and is balanced between five major sources. The largest revenue source is ad-valorem taxes, property and sales taxes, at 31 percent of total state revenue. Social insurance taxes, including income from state employee retirement systems, amount to 26 percent of state revenue. State income taxes amount to 21 percent of total state revenue; fees and charges amount to 12 percent of total state revenue; state business revenue comes in at 10 percent of revenue.
Chart 3.07: Local Revenue Pie
Local government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.1 trillion in FY 2013, and is dominated by ad-valorem taxes amounting to 46 percent of total local government revenue. Fees and changes amount to 24 percent of local revenue; business revenue amounts to 22 percent of total local revenue. The remaining revenue is 8 percent of total local revenue.
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> State Finances FY12
US, State Pop FY13
GDP: Fed. Budget: Hist. Table 10.1
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
Guesstimated by projecting the latest change in reported revenue forward to future years
First, Fannie Mae made a onetime payment to the Treasury of around $50 billion resulting from a revaluation of certain tax assets that significantly increased its net worth. Second, because both Fannie Mae and Freddie Mac were profitable in 2013, the companies were required to make quarterly payments to the Treasury in amounts related to the increase in their net worth.