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 2014 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 173 percent of GDP, the states will collect about 9.3 percent of GDP, and local governments about 6.4 percent of GDP.
Governments in the US will collect $5.7 trillion in 2014.
Table 3.01: Total Revenue in 2014
In fiscal 2014 the federal government estimates revenue will be $3.0 trillion. State revenue for 2014 is "guesstimated" by usgovernmentrevenue.com at $1.6 trillion 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 2014.
The governments in the US collect about $3.2 trillion in a year income and payroll taxes.
Table 3.02: Total Revenue Breakdown FY 2014
Income tax is where governments collect the most tax: federal, state, and local, they will collect about $2.2 trillion in 2014. Next in line are social insurance taxes, including Social Security, unemployment and hospital taxes, will add up to $1.5 trillion. Ad-valorem taxes, i.e. sales taxes and property taxes: governments will collect about $1.2 trillion in 2014. Fees and Charges will add up to $0.4 trillion, and Business and Other Revenue will add up to $0.5 trillion in 2014.
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 $3.0 trillion for FY 2014. 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.
Chart 3.06: State Revenue Pie
State government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.6 trillion in FY 2014, and is balanced between five major sources. The largest revenue source is ad-valorem taxes, property and sales taxes, at 30 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 24 percent of total state revenue; fees and charges amount to 10 percent of total state revenue; state business revenue comes in at 9 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 2014, and is dominated by ad-valorem taxes amounting to 48 percent of total local government revenue. Fees and changes amount to 25 percent of local revenue; business revenue amounts to 19 percent of total local revenue. The remaining revenue is 8 percent of total local revenue.
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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 Finances FY13
GDP, GO: See 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