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Revenue Charts   also: Spending Charts  Debt Charts  Deficit Charts  

 

This page shows the current trends in US Federal revenue. There are also charts on US Federal revenue history.

Recent and Budgeted* US Federal Revenue

Chart R.01f: Federal Revenue in trillions

Chart R.02f: Federal Revenue in percent GDP

The two charts show above show recent and budgeted revenue for the US federal government. On the left is a chart of revenue in current dollars. On the right is a chart of revenue as a percent of Gross Domestic Product (GDP).

US Federal Revenue Since 1900

Chart R.03f: Federal Revenue in 20th Century

Federal revenue began the 20th century at about 3 percent of GDP per year. It jerked above 13 percent as a result of World War I and then declined in the 1920s below 5 percent of GDP in the 1920s. Federal revenue started to increase steadily in the 1930s reaching 7 to 8 percent of GDP just before World War II.

Federal revenue exploded during World War II to nearly 24 percent of GDP, and then declined to about 15 percent in the late 1940s.

In the Korean War of the early 1950s federal revenue increased to 20 percent of GDP. From the mid-1950s to the early 1990s federal revenues oscillated at about 17 to 18 percent.

In the 1990s federal revenue increased steadily to about 20 percent of GDP It collapsed to 16 percent of GDP in the recession of 2000-01 and 15 percent of GDP in the Great Recession of 2007-09.

US Federal Revenue since the Founding

Chart R.04f: Federal Revenue since the Founding


Federal revenue in the first half of the 19th century varied typically between 2 and 3 percent of GDP except in wartime. In the 1840s, after the national debt had been pretty well paid off, revenues declined to 2 percent of GDP. In the Civil War, federal revenue doubled to 7 percent of GDP.

After the Civil War revenue gradually declined to about 2.5 percent of GDP at the outbreak of World War I. Federal revenue in World War I peaked at 7 percent of GDP and declined below 5 percent in the 1920s. Federal revenue reached 7 percent of GDP in the 1930s before rocketing to 24 percent of GDP at the end of World War II. From the end of World War II to the mid 1990s federal revenue fluctuated between 17 and 18 percent of GDP, peaking at 20 percent of GDP in 2000. The Great Recession of 2007-09 caused a significant decline in revenue to 15 percent of GDP.

Top Revenue Requests:

Find DEFICIT stats and history.

US BUDGET overview and pie chart.

Find NATIONAL DEBT today.

See FEDERAL BUDGET breakdown and estimated vs. actual.

Check INCOME TAX details and history.

See BAR CHARTS of revenue, debt.

See PIE CHARTS of total revenue, federal revenue.

Check STATE revenue: CA NY TX FL and compare.

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 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 1890.

State and local revenue data for individual states begins in 1957.

Spending 101 Courses

Spending | Federal Debt | Revenue | Defense | Welfare | Healthcare | Education
Debt History | Entitlements | Deficits | State Spending | State Taxes | State Debt


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Next Data Update

> US GDP CY14

> data update schedule.

Data Sources for 2010_2020:

Sources for 2010:

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

Sources for 2020:

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

> data sources for other years
> data update schedule.

State Finances for FY 2013

On February 3, 2015 the US Census Bureau released data on state finances for FY 2013 here, including spending and revenue for each individual state and for all states combined.

On February 3, 2015 we updated state and local spending and revenue data for FY2013 through FY2020 as follows:
  1. We replaced "guesstimatedstate spending and revenue data for FY2013 using the new FY2013 data from the Census Bureau.
  2. We replaced "guesstimatedlocal spending and revenue data for FY 2013 with estimates for each spending and revenue category using the trends in state finances between FY 2012 and FY 2013.
  3. We replaced "guesstimatedstate revenue data for FY 2014 with data from the Census Bureau's quarterly state tax summary here.
  4. We replaced "guesstimatedlocal revenue data for FY 2014 with estimates for each category using trends for each category of state revenue between FY 2013 and FY 2014.
  5. We replaced "guesstimated" state and local spending and revenue for FY 2014 thru FY2020 with new guesstimates based on the latest Census Bureau data for FY 2013 state finances and FY 2014 quarterly tax data.
We expect the Census Bureau to release local spending and revenue data for FY 2013 not earlier than Summer 2015.

Tax links

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