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Revenue Analyses:
Numbers — Charts:
Federal Budget:
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US Federal Budget Analyst
Each federal budget includes estimated receipts for the fiscal year in progress and for five future fiscal years.
FY25 Federal Budget Revenue Estimates
for Fiscal Years 2024 - 2028
| Units: By default, values are displayed in billions of dollars. By using a dropdown control in the table heading you can select millions of dollars, percent of GDP, percent of federal total, percent of overall total, dollars per capita of population, and thousand dollars per capita of population. US Budget Year: By default, the table displays budgeted and estimated numbers in the current US Budget submitted to the Congress by the president. But you can look at previous budgeted numbers using the dropdown control at the bottom of the table. US Budget Year: By default, the table displays budgeted and estimated numbers in the current US Budget submitted to the Congress by the president. But you can look at previous budgeted numbers using the dropdown control at the bottom of the table. | ||
| US Federal Government FY 25 Budget Estimated Revenue in $ billion nominal | ||
| -5yr -1yr as of Winter 2024 +1yr +2yr | ||
| Estimated Revenue from US Federal FY 25 Budget | ||||||||||
| FY 2024 Revenue | FY 2025 Revenue | FY 2026 Revenue | FY 2027 Revenue | FY 2028 Revenue | ||||||
| [+] | Income Taxes | 3,116.2 | 3,347.3 | 3,696.4 | 3,881.8 | 4,079.3 | 
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| [+] | Social Insurance Taxes | 1,720.5 | 1,896.8 | 1,935.6 | 2,017.4 | 2,118.9 |
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| [+] | Ad valorem Taxes | 244.9 | 240.8 | 240.7 | 262.0 | 271.4 |
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| [+] Charts: Click on a to display a bar of data in a row or column of this table.Click on  to display a time-series chart of data in a row.[+] Drill-down: Click on the [+] to drill down to more detailed numbers. | Fees and Charges | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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| [+] | Business and Other Revenue | 0.0 | 0.0 | 0.0 | 25.0 | 40.0 |
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| [+] | Balance | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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| [+] | Total Direct Revenue | 5,081.6 | 5,485.0 | 5,872.7 | 6,186.2 | 6,509.6 |
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| [+] | Federal Deficit | 1,859.4 | 1,781.0 | 1,546.7 | 1,510.3 | 1,572.9 |
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| [+] | Gross Public Debt | 35,107.9 | 37,096.5 | 39,039.6 | 40,787.5 | 42,460.8 | | |||
| Revenues: Pie Chart: Click on a pie icon to display a pie chart. You can create a pie chart for federal, state and local, and overall revenue. b - budgeted estimate in US FY25 budget e - estimated by usgovernmentspending.com Data Sources for 2024: Data Sources for 2028: | ||||||||||
Revenue Definitions
Income Taxes: Individual and corporate income taxes.
Social Insurance Taxes: FICA taxes, unemployment, disability taxes.
Ad valorem Taxes: Sales, excise and property taxes, licenses.
Fees and Charges: Fees for government services other than taxes.
Business and Other Revenue: Revenue from government businesses such as liquor stores and utilities.
Total Direct Revenue: Total Revenue raised by federal, state, or local government. Does not include intergovernmental revenue such as federal grants.
Notes
The table shows overall budgeted federal receipts for major functions for the next five years, as estimated in the historical tables in the current presidential budget.
You can change the budget to be analyzed or drill down to view more detailed revenue information.
Data Sources: Federal revenue from Budget of the United States Government.
For a discussion of the sources of the government revenue data used here read How We Got the Data for usgovernmentspending.com.
Budget Updates: The president’s budget is typically published each year in February.
Download Federal Budget Data for 2024-2028
Tab-delimited Table
Here is the budget table with columns tab-delimited. You can cut and paste directly into a spreadsheet:
You can copy all the text in the textbox by clicking your cursor in the box. Then press Ctrl-A and Ctrl-C and paste the text into your spreadsheet.
Suggested Video: Taxes 101
Top Revenue Requests:
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US BUDGET overview and pie chart.
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See FEDERAL BUDGET breakdown and estimated vs. actual.
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See BAR CHARTS of revenue.
Check STATE revenue: CA NY TX FL and compare.
See REVENUE ANALYSIS briefing.
See REVENUE HISTORY briefing.
Take a COURSE at Taxes 101.
Make your own CUSTOM CHART.
Revenue Data Sources
Revenue data is from official government sources.
- Federal revenue 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 1820.
State and local revenue data for individual states begins in 1957.
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Data Sources for 2012:
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
> data sources for other years
> data update schedule.
Blog
Medicaid Update for FY2024
On January 14, 2026, the Centers for Medicare and Medicaid Services (CMS) published its annual report on National Health Expenditures and its NHE Tables includes data on Medicaid from 1960 to 2023. On January 15, 2026, usgovernmentspending.com updated its Medicaid data.
| Item | 2024 Estimate | 2024 Actual |
| Federal Medicaid | $567.2 bn | $567.2 bn |
| State Medicaid (net) | $124.4 bn | $253.2 bn |
| Total Medicaid | $691.6 bn | $820.4 bn |
The federal Medicaid number comes from the Federal Budget Subfunction 558: Grants to states for Medicaid. The state contribution comes from the NHE Tables.
usgovernmentspending.com publishes "guesstimates" of state and local spending from the latest year published by the Census Bureau (currently FY 2023) to the last year in the Historical Tables of the federal budget. (currently 2029 from the FY25 budget). So we have developed "guesstimates" of Medicaid spending going out to 2029, assuming that the overall Medicaid spending increases at the same rate as the federal "Grants to States for Medicaid" increases.
National Health Expenditure data is updated each year in mid December.
On March 27, 2025 the Congressional Budget Office released its annual Long Term Budget Outlook for 2025, which projects federal spendin ...
On November 22, 2025 usgovernmentspending.com updated FY2025 state revenue with quarterly tax data released by the US Ce ...
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presented by Christopher Chantrill