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In FY 2016, total US government revenue, federal, state, and local, is “guesstimated” to be $6.65 trillion. Federal revenue is budgeted at $3.34 trillion; state revenue is “guesstimated” at $1.98 trillion; local revenue is “guesstimated” at $1.34 trillion.
In 2016 the governments in the United States are expected to collect about 36 percent of Gross Domestic Product in revenue. The federal government will collect about 18.1 percent of GDP, the states will collect about 10.7 percent of GDP, and local governments about 7.3 percent of GDP.
Governments in the US will collect $6.7 trillion in 2016.
Table 3.01: Total Revenue in 2016
In fiscal 2016 the federal government budgets that revenue will be $3.3 trillion. State revenue for 2016 is "guesstimated" by usgovernmentrevenue.com at $2.09 trillion and local government revenue is "guesstimated" by usgovernmentrevenue.com at $1.3 trillion.
Total revenue at all levels of government in the United States is "guesstimated" by usgovernmentrevenue.com to be $6.7trillion in 2016.
The governments in the US collect about $4.2 trillion in a year income and payroll taxes.
Table 3.02: Total Revenue Breakdown FY 2016
Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $2.4 trillion in 2016. Next in line are social insurance taxes, including Social Security, unemployment and hospital taxes, adding up to $1.8 trillion. Ad-valorem taxes, i.e. sales taxes and property taxes, will amount to about $1.4 trillion in 2016. Fees and Charges will add up to $0.5 trillion, and Business and Other Revenue will add up to $0.5 trillion in 2016.
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 $3.34 trillion for FY 2016. Almost all revenue comes from income taxes, individual and corporate, at 58 percent of total federal revenue; and social insurance taxes, at 33 percent of total federal revenue.
Chart 3.06: State Revenue Pie
State government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.98 trillion in FY 2016, and is balanced between five major sources. The largest revenue source is social insurance taxes, including income from state employee retirement systems, amounting to 33 percent of state revenue. Next is ad-valorem taxes, property and sales taxes, at 28 percent of total state revenue. State income taxes amount to 21 percent of total state revenue; fees and charges amount to 10 percent of total state revenue; state business revenue comes in at 8 percent of receipts.
Chart 3.07: Local Revenue Pie
Local government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.34 trillion in FY 2016, and is dominated by ad-valorem taxes — i.e. property and sales taxes — amounting to 48 percent of total local government revenue. Fees and changes amount to 22 percent of local revenue; business revenue, such as utilities and liquor stores, amounts to 19 percent of total local revenue, and social insurance is 7 percent of revenue. The remaining revenue is 3 percent of total local receipts.
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Revenue data is from official government sources.
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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> State Quarterly Taxes FY15
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