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A comparison of federal receipts for FY 2016 estimated in various federal budgets against the actual receipts in FY 2016.
Array ( [title] => [year] => 2016 [state] => US [expand] => [expandC] => [view] => 1 [units] => b [fy] => fy21 [spendRev] => r [local] => s [show] => n )
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.
|US Federal Government Receipts|
Budgeted vs. Actual
|-5yr -1yr Fiscal Year 2016 in $ billion +1yr +5yr|
|Estimates for FY 2016 Federal Receipts in US Budgets|
|[+]||Social Insurance Taxes||1,234.1||1,181.4||1,160.3||1,127.3||1,111.9||1,100.8||1,115.1|
|[+]||Ad valorem Taxes||291.3||244.2||249.0||221.1||214.9||197.9||191.6|
Charts: Click on a to display a bar of data in a row or column of this table.
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[+] Drill-down: Click on the [+] to drill down to more detailed numbers.
|Fees and Charges||n/a||n/a||n/a||n/a||n/a||n/a||n/a|
|[+]||Business and Other Revenue||41.0||36.3||50.8||58.1||77.4||116.4||115.7|
|[+]||Total Direct Revenue||3,819.1||3,680.1||3,561.5||3,568.0||3,525.2||3,335.5||3,268.0|
|[+]||Gross Public Debt||20,825.0||20,391.2||20,026.6||19,511.6||19,333.8||19,433.3||19,539.5|
budgeted estimated actual
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.
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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.
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 presidents budget is typically published each year in February.
You can download budget data as a CSV file or directly as a tab-delimited table.
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Revenue data is from official government sources.
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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> State and Local Finances FY15
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