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BUDGET DATA
REVENUE
BY DECADE
a usgovernmentspending.com briefing:
Government Estimated Revenue for FY2012
In 2012 the governments in the United States are expected to collect about 30 percent of Gross Domestic Product in revenue. The federal government collected about 14 percent of GDP, the states collected about 8 percent of GDP, and local governments collected about 7 percent of GDP.
Government Revenue: Federal, State, Local
Governments in the US will collect $5.2 trillion in 2012.
Table 3.01: Total Revenue in 2012
In fiscal 2012 the federal government estimates revenue will be $2.6 trillion. State revenue for 2012 is "guesstimated" by usgovernmentrevenue.com at $1.5 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 $5.2 trillion in 2012.
Government Revenue: the Sources
The governments in the US collect about $2.4 trillion in a year income and payroll taxes.
Table 3.02: Total Revenue Breakdown FY 2012
Income tax is where governments collect the most tax. Federal, state, and local, they will collect about $1.8 trillion in 2012. Next in line are ad-valorem taxes, sales taxes and property taxes: governments will collect about $1.2 trillion in 2012. Social insurance taxes, including social security, unemployment and hospital taxes, will add up to $1.0 trillion. Fees and Charges will add up to $0.4 trillion, and Business and Other Revenue will add up to $0.7 trillion in 2012.
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
Pie Chart of Federal Government Revenue
Chart 3.05: Federal Revenue Pie
Federal revenue is budgeted at $2.6 trillion for FY 2012. 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.
Pie Chart of State Government Revenue
Chart 3.06: State Revenue Pie
State government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.5 trillion in FY 2012, and is balanced between five major sources. The largest revenue source is ad-valorem taxes, property and sales taxes, at 34 percent of total state revenue. State income taxes amount to 24 percent of total state revenue; state business revenue comes in at 25 percent of revenue; and fees and charges amount to 11 percent of total state revenue.
Pie Chart of Local Government Revenue
Chart 3.07: Local Revenue Pie
Local government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $1.1 trillion in FY 2012, and is dominated by ad-valorem taxes amounting to 51 percent of total local government revenue. Business revenue amounts to 24 percent of total local revenue; fees and changes amount to 21 percent of local revenue. The remaining revenue is 4 percent of total local revenue.
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Top links
Data Sources for :
GDP: See State GDP Information
State: Bicentennial Edition: Historical Statistics of the US, Colonial Times to 1970
> data sources for other years
> data update schedule.
Federal Budget FY 13 Released
On February 13, 2012, we updated usgovernmentspending.com with the numbers from the historical tables in the FY13 federal budget. Actual revenue for FY 2011 and estimated revenue through FY 2017 come from Tables 2.1, 2.4, and 2.5. Actual spending for FY 2011 and estimated spending at the subfunction level through FY 2017 comes from Table 3.2. Federal debt estimates come from Table 7.1 and GDP estimates come from Table 10.1.
You can see you each line item changes from budget to budget here. You can compare budget estimates with actuals here.
Account level spending estimates through FY 2017 come from the outlays table in the Public Budget Database and will be updated in the next few days.
Tax links
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Mutual Aid
In 1911... at least nine million of the 12 million covered by national insurance were already members of voluntary sick pay schemes. A similar proportion were also eligible for medical care.
Green, Reinventing Civil Society
usgovernmentrevenue.com
presented by Christopher Chantrill
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