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A comparison of federal receipts for FY 2008 estimated in various federal budgets against the actual receipts in FY 2008.

Federal Revenue Estimates vs. Actual Federal Revenue
for Fiscal Year 2008

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.
Fiscal Year: The default year displayed is the current US government fiscal year. But you can select any year you want using the dropdown control in the table heading. At the top and bottom of the dropdown only years ending in “0” are shown. Select a year to get close, then select the year you want. You can increase or decrease the year using the “yr” text links in the table heading.
full screen
US Federal Government Receipts
Budgeted vs. Actual
-5yr -1yr   Fiscal Year 2008 in $ billion   +1yr +5yr
Estimates for FY 2008 Federal Receipts in US Budgets
 Estimate
in FY04
Budget
 Estimate
in FY05
Budget
 Estimate
in FY06
Budget
 Estimate
in FY07
Budget
 Estimate
in FY08
Budget
 Estimate
in FY09
Budget
 Actual
2008
[+]  Income Taxes1,419.01,385.51,410.61,477.01,561.61,565.01,450.1
[+]  Social Insurance Taxes922.2918.8911.7932.1927.2910.1900.2
[+]  Ad valorem Taxes140.5141.4148.6145.7137.614.7140.1
[+] 
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
[+]  Business and Other Revenue39.139.736.135.436.131.433.6
[+]  Balance0.00.00.00.00.00.00.0
[+]  Total Direct Revenue2,520.92,485.32,507.02,590.32,662.52,521.22,524.0
[+]  Federal Deficit189.6239.0250.8223.3239.4410.0458.6
[+]  Gross Public Debt9,387.79,931.19,948.69,865.39,575.59,654.49,986.1
Revenue:
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.
budgeted estimated actual

Data Sources for 2008:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1

Switch to budget

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

Starting with the 1986 budget, the Office of Management and Budget provides six years of estimated receipts for each revenue source extending from the fiscal year in which the federal budget is published to five years into the future. For instance, the 1986 budget historical tables included estimates for FY85, FY86, FY87, FY88, FY89, and FY90. Starting with FY90, OMB will have made six estimates of revenue for each year before the actual receipts for a fiscal year are reported.

The table shows overall budgeted federal revenues for the specified fiscal year, as estimated in the historical tables in several presidential budgets. You can compare these estimates with the actual revenue for the fiscal year as reported in the budget historical tables after the specified fiscal year is over.

If the “actual” year shows many values as budgeted, it is because the details of actual receipts for the latest year have not yet been released.

You can change the year 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 Estimated vs. Actual Budget Data for 2008

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:

Find DEFICIT stats and history.

US BUDGET overview and pie chart.

Find NATIONAL DEBT today.

DOWNLOAD revenue data.

See FEDERAL BUDGET breakdown and estimated vs. actual.

Check INCOME TAX details and history.

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.

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 2008:

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

Federal Budget for FY25 Released

On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025

Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.

Federal Budget Changes for 2024
$ billionEstimate for 2024
in FY2024 Budget
Estimate for 2024
in FY2025 Budget
Change
Federal Outlays$6,371.8$6,940.9 +$569.1
Federal Receipts$4,802.5$5,081.6+$279.1
Federal Deficit$1,569.4$1,859.4+$290.0

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.

Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024. 

Agency Debt Update for 2023
On March 11, 2024, usgovernmentspending.com updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2023. You can see our Agency Debt pag ...

US GDP for 2023 Updated
On January 19, 2024 usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis, ...

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