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Estimated Government Revenue for FY2015



In 2015 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 17.5 percent of GDP, the states will collect about 9 percent of GDP, and local governments about 6.5 percent of GDP.

Government Revenue: Federal, State, Local

Governments in the US will collect $6.0 trillion in 2015.

Table 3.01: Total Revenue in 2015

In fiscal 2015 the federal government budgets that revenue will be $3.2 trillion. State revenue for 2015 is "guesstimated" by usgovernmentrevenue.com at $1.6 trillion and local government revenue is "guesstimated" by usgovernmentrevenue.com at $1.2 trillion.

Total revenue at all levels of government in the United States is "guesstimated" by usgovernmentrevenue.com to be $6.0 trillion in 2015.

Government Revenue: the Sources

The governments in the US collect about $3.7 trillion in a year income and payroll taxes.

Table 3.02: Total Revenue Breakdown FY 2015

Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $2.2 trillion in 2015. Next in line are social insurance taxes, including Social Security, unemployment and hospital taxes, adding up to $1.5 trillion. Ad-valorem taxes, i.e. sales taxes and property taxes: governments will collect about $1.3 trillion in 2015. Fees and Charges will add up to $0.5 trillion, and Business and Other Revenue will add up to $0.5 trillion in 2015.

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



Government Revenue: the Details

Government revenue is collected at all levels of government: federal, state, and local.

Table 3.03: Total Revenue Details FY 2015

At 53 percent, the federal government collects a little over half of total government revenue, with states collecting 27 percent and local governments 19 percent. Overwhelmingly, the federal take is collected as income taxes and social insurance payroll taxes. State governments balance their take between income taxes, ad-valorem taxes and other forms of revenue. Local governments collect revenue from ad-valorem taxes such as property taxes and sales taxes.

Government Revenue: the Piecharts

The source of government revenue is mostly income tax for the federal government, and mostly ad-valorem taxes at the local level.

Chart 3.04: Total Revenue Pie

Total government revenue in the United States, including federal, state, and local governments, is expected to total $5.98 trillion in 2015. The total features five major sources. The largest share is incomes taxes, at 37 percent of total revenue; social insurance at 25 percent of total revenue; ad-valorem taxes, at 22 percent of revenue; business revenue, at 8 percent of total revenue; and fees and charges, at 8 percent of total revenue.

Pie Chart of Federal Government Revenue

Chart 3.05: Federal Revenue Pie

Federal revenue is budgeted at $3.18 trillion for FY 2015. Almost all revenue comes from income taxes, individual and corporate, at 57 percent of total federal revenue; and social insurance taxes, at 34 percent of total federal revenue.

Pie Chart of State Government Revenue

Chart 3.06: State Revenue Pie

State government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.65 trillion in FY 2015, and is balanced between five major sources. The largest revenue source is ad-valorem taxes, property and sales taxes, at 32 percent of total state revenue. Social insurance taxes, including income from state employee retirement systems, amount to 25 percent of state revenue. State income taxes amount to 22 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 receipts.

Pie Chart of Local Government Revenue

Chart 3.07: Local Revenue Pie

Local government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.16 trillion in FY 2015, and is dominated by ad-valorem taxes — i.e. property and sales taxes — amounting to 50 percent of total local government revenue. Fees and changes amount to 23 percent of local revenue; business revenue amounts to 20 percent of total local revenue. The remaining revenue is 7 percent of total local receipts.

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Revenue Data Sources

Revenue data is from official government sources.
  Federal data since 1962 comes from the president’s budget.
  All other revenue data comes from the US Census Bureau.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of revenue data sources here.

Federal revenue data begins in 1792.

State and local revenue data begins in 1890.

State and local revenue data for individual states begins in 1957.

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Next Data Update

> State Quarterly Taxes FY15

> data update schedule.

Data Sources for 2015:

GDP, GO: GDP, GO Sources
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

> data sources for other years
> data update schedule.

House Budget Plan for FY16

On August 15, 2015, we updated usgovernmentspending.com with the numbers from the draft budget resolution for FY16 prepared by the House Budget Committee.  The site now shows data from the current FY16 Budget Resolution and also Ryan-authored budget resolutions for FY12, FY13, FY14 and FY15.

You can view and download data on the House Budget page here.  You can compare the House Budget with the administration's FY16 budget here.

Tax links

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