Historical Budget Data and budget projections · revenue by source, as a share of GDP
Where does the US federal government get its money?
As of , the Congressional Budget Office's newest data has federal revenue at 17.2% of GDP in fiscal 2025, with individual income taxes at 8.7% and payroll taxes at 5.8%.
Federal revenue as a share of GDP: all revenue, individual income taxes and payroll taxes
The lines
- All revenue17.2%
- Individual income taxes8.7%
- Payroll taxes5.8%
Federal revenue as a share of GDP: corporate income taxes, excise taxes and customs duties
The lines
- Corporate income taxes1.5%
- Excise taxes0.3%
- Customs duties0.6%
Each point is one fiscal year of the Congressional Budget Office's historical budget data, as CBO publishes it. Pointing at the chart shows the fiscal year and the value.
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Inspect and compare years
The newest fiscal year beside the fiscal year before it and earlier ones. Every fiscal year is in the table under "The numbers behind the chart".
| Measure | Latest, fiscal 2025 | The year before, fiscal 2024 | Five years earlier, fiscal 2020 | Ten years earlier, fiscal 2015 |
|---|---|---|---|---|
| All revenue | 17.2% | 17.0% | 16.0% | 17.9% |
| Individual income taxes | 8.7% | 8.4% | 7.5% | 8.5% |
| Payroll taxes | 5.8% | 5.9% | 6.1% | 5.9% |
| Corporate income taxes | 1.5% | 1.8% | 1.0% | 1.9% |
| Excise taxes | 0.3% | 0.4% | 0.4% | 0.5% |
| Customs duties | 0.6% | 0.3% | 0.3% | 0.2% |
| Estate and gift taxes | 0.1% | 0.1% | 0.1% | 0.1% |
| Other receipts | 0.2% | 0.2% | 0.6% | 0.8% |
The table scrolls sideways; the first column stays in place.
Observed .
Right nowThe comparison is ours
Total federal revenue as a share of GDP was 17.2% in fiscal 2025, the highest since fiscal 2022 (ours).
Individual income taxes as a share of GDP was 8.7% in fiscal 2025, the highest since fiscal 2022 (ours).
Payroll taxes as a share of GDP was 5.8% in fiscal 2025, the lowest since fiscal 2021 (ours).
Where each line standsThe comparison is ours
| Measure | Newest | Value | Year before | Last higher | Last lower |
|---|---|---|---|---|---|
| All revenue | Fiscal 2025 | 17.2% | 17.0% | Fiscal 2022 | Fiscal 2024 |
| Individual income taxes | Fiscal 2025 | 8.7% | 8.4% | Fiscal 2022 | Fiscal 2024 |
| Payroll taxes | Fiscal 2025 | 5.8% | 5.9% | Fiscal 2024 | Fiscal 2021 |
| Corporate income taxes | Fiscal 2025 | 1.5% | 1.8% | Fiscal 2024 | Fiscal 2020 |
| Excise taxes | Fiscal 2025 | 0.3% | 0.4% | Fiscal 2024 | Fiscal 2023 |
| Customs duties | Fiscal 2025 | 0.6% | 0.3% | None since fiscal 1962 | Fiscal 2024 |
| Estate and gift taxes | Fiscal 2025 | 0.1% | 0.1% | Fiscal 2024 | Fiscal 2020 |
| Other receipts | Fiscal 2025 | 0.2% | 0.2% | Fiscal 2022 | Fiscal 2024 |
The table scrolls sideways; the first column stays in place.
CBO's ten-year budget baselineNot our forecast
Congressional Budget Office, CBO's ten-year budget baseline, February 2026 release, stored here on . These are CBO's estimates, not ours.
Federal revenue in CBO's ten-year baseline: all revenue, individual income taxes and payroll taxes
The lines
- All revenue$8,301 billion
- Individual income taxes$4,249 billion
- Payroll taxes$2,666 billion
Federal revenue in CBO's ten-year baseline: corporate income taxes, customs duties and other receipts
The lines
- Corporate income taxes$576 billion
- Customs duties$402 billion
- Other receipts$408 billion
Each point is one fiscal year of the Congressional Budget Office's February 2026 release: CBO's estimate, or a fiscal year it counts as actual. Not our forecast. Pointing at the chart shows the fiscal year and the value.
Select a line to follow
The numbers as a table
Observed .
| Measure | Fiscal 2025, actual | Fiscal 2026 | Fiscal 2036 |
|---|---|---|---|
| All revenue | $5,235 billion | $5,596 billion | $8,301 billion |
| Individual income taxes | $2,656 billion | $2,751 billion | $4,249 billion |
| Payroll taxes | $1,748 billion | $1,826 billion | $2,666 billion |
| Corporate income taxes | $452 billion | $404 billion | $576 billion |
| Customs duties | $195 billion | $418 billion | $402 billion |
| Other receipts | $183 billion | $197 billion | $408 billion |
CBO's long-term budget projectionsNot our forecast
Congressional Budget Office, CBO's long-term budget projections, February 2026 release, stored here on . These are CBO's estimates, not ours.
Federal revenue as a share of GDP in CBO's long-term projections: all revenue, individual income taxes and payroll taxes
The lines
- All revenue18.8%
- Individual income taxes10.1%
- Payroll taxes5.7%
Federal revenue as a share of GDP in CBO's long-term projections: corporate income taxes, customs duties and other receipts
The lines
- Corporate income taxes1.3%
- Customs duties0.7%
- Other receipts1.0%
Each point is one fiscal year of the Congressional Budget Office's February 2026 release: CBO's estimate, or a fiscal year it counts as actual. Not our forecast. Pointing at the chart shows the fiscal year and the value.
Select a line to follow
The numbers as a table
Observed .
| Measure | Fiscal 2026 | Fiscal 2056 |
|---|---|---|
| All revenue | 17.5% | 18.8% |
| Individual income taxes | 8.6% | 10.1% |
| Payroll taxes | 5.7% | 5.7% |
| Corporate income taxes | 1.3% | 1.3% |
| Customs duties | 1.3% | 0.7% |
| Other receipts | 0.6% | 1.0% |
Understanding federal revenue
Where it stands today
Total federal revenue as a share of GDP was 17.2% in fiscal 2025.
What do these figures measure?
Federal revenue is the money the federal government collects in a fiscal year. The Congressional Budget Office (CBO) splits it by source in its historical budget data: individual income taxes, payroll taxes (the taxes that pay for Social Security and Medicare), corporate income taxes, excise taxes, customs duties, estate and gift taxes, and other receipts, which include earnings the Federal Reserve sends to the Treasury.
Read more
Each line is shown as a share of GDP, the value of what the US economy produces in a year, so that years of different size can be compared. A fiscal year runs from 1 October to 30 September and takes the number of the year it ends in: fiscal 2025 began on 1 October 2024.
What 500metrics adds: the newest year beside the year before, the last year with a higher and a lower value, and CBO's own projections, each in a box under its name and the month of its release.
The numbers behind the chart
What was each line in each fiscal year?64 fiscal years, newest first; as the Congressional Budget Office publishes them
| Fiscal year | All revenue (% of GDP) | Individual income taxes (% of GDP) | Payroll taxes (% of GDP) | Corporate income taxes (% of GDP) | Excise taxes (% of GDP) | Customs duties (% of GDP) | Estate and gift taxes (% of GDP) | Other receipts (% of GDP) |
|---|---|---|---|---|---|---|---|---|
| Fiscal 2025 | 17.2 | 8.7 | 5.8 | 1.5 | 0.3 | 0.6 | 0.1 | 0.2 |
| Fiscal 2024 | 17.0 | 8.4 | 5.9 | 1.8 | 0.4 | 0.3 | 0.1 | 0.2 |
| Fiscal 2023 | 16.2 | 7.9 | 5.9 | 1.5 | 0.3 | 0.3 | 0.1 | 0.1 |
| Fiscal 2022 | 19.2 | 10.3 | 5.8 | 1.7 | 0.3 | 0.4 | 0.1 | 0.5 |
| Fiscal 2021 | 17.6 | 8.9 | 5.7 | 1.6 | 0.3 | 0.3 | 0.1 | 0.6 |
| Fiscal 2020 | 16.0 | 7.5 | 6.1 | 1.0 | 0.4 | 0.3 | 0.1 | 0.6 |
| Fiscal 2019 | 16.3 | 8.1 | 5.8 | 1.1 | 0.5 | 0.3 | 0.1 | 0.4 |
| Fiscal 2018 | 16.3 | 8.2 | 5.7 | 1.0 | 0.5 | 0.2 | 0.1 | 0.5 |
| Fiscal 2017 | 17.1 | 8.2 | 6.0 | 1.5 | 0.4 | 0.2 | 0.1 | 0.7 |
| Fiscal 2016 | 17.5 | 8.3 | 6.0 | 1.6 | 0.5 | 0.2 | 0.1 | 0.8 |
| Fiscal 2015 | 17.9 | 8.5 | 5.9 | 1.9 | 0.5 | 0.2 | 0.1 | 0.8 |
| Fiscal 2014 | 17.3 | 8.0 | 5.9 | 1.8 | 0.5 | 0.2 | 0.1 | 0.8 |
Show 52 more rows
| Fiscal year | All revenue (% of GDP) | Individual income taxes (% of GDP) | Payroll taxes (% of GDP) | Corporate income taxes (% of GDP) | Excise taxes (% of GDP) | Customs duties (% of GDP) | Estate and gift taxes (% of GDP) | Other receipts (% of GDP) |
|---|---|---|---|---|---|---|---|---|
| Fiscal 2013 | 16.6 | 7.9 | 5.7 | 1.6 | 0.5 | 0.2 | 0.1 | 0.6 |
| Fiscal 2012 | 15.2 | 7.0 | 5.2 | 1.5 | 0.5 | 0.2 | 0.1 | 0.7 |
| Fiscal 2011 | 14.9 | 7.1 | 5.3 | 1.2 | 0.5 | 0.2 | 0.0 | 0.7 |
| Fiscal 2010 | 14.5 | 6.0 | 5.8 | 1.3 | 0.5 | 0.2 | 0.1 | 0.7 |
| Fiscal 2009 | 14.6 | 6.3 | 6.2 | 1.0 | 0.4 | 0.2 | 0.2 | 0.4 |
| Fiscal 2008 | 17.1 | 7.7 | 6.1 | 2.1 | 0.5 | 0.2 | 0.2 | 0.3 |
| Fiscal 2007 | 18.0 | 8.1 | 6.1 | 2.6 | 0.5 | 0.2 | 0.2 | 0.3 |
| Fiscal 2006 | 17.7 | 7.7 | 6.1 | 2.6 | 0.5 | 0.2 | 0.2 | 0.3 |
| Fiscal 2005 | 16.8 | 7.2 | 6.2 | 2.2 | 0.6 | 0.2 | 0.2 | 0.3 |
| Fiscal 2004 | 15.6 | 6.7 | 6.1 | 1.6 | 0.6 | 0.2 | 0.2 | 0.3 |
| Fiscal 2003 | 15.8 | 7.0 | 6.3 | 1.2 | 0.6 | 0.2 | 0.2 | 0.3 |
| Fiscal 2002 | 17.1 | 7.9 | 6.5 | 1.4 | 0.6 | 0.2 | 0.2 | 0.3 |
| Fiscal 2001 | 18.9 | 9.4 | 6.6 | 1.4 | 0.6 | 0.2 | 0.3 | 0.4 |
| Fiscal 2000 | 20.0 | 9.9 | 6.5 | 2.0 | 0.7 | 0.2 | 0.3 | 0.4 |
| Fiscal 1999 | 19.3 | 9.3 | 6.5 | 1.9 | 0.7 | 0.2 | 0.3 | 0.4 |
| Fiscal 1998 | 19.3 | 9.3 | 6.4 | 2.1 | 0.6 | 0.2 | 0.3 | 0.4 |
| Fiscal 1997 | 18.7 | 8.7 | 6.4 | 2.2 | 0.7 | 0.2 | 0.2 | 0.3 |
| Fiscal 1996 | 18.3 | 8.3 | 6.4 | 2.2 | 0.7 | 0.2 | 0.2 | 0.3 |
| Fiscal 1995 | 17.9 | 7.8 | 6.4 | 2.1 | 0.8 | 0.3 | 0.2 | 0.4 |
| Fiscal 1994 | 17.5 | 7.6 | 6.4 | 2.0 | 0.8 | 0.3 | 0.2 | 0.3 |
| Fiscal 1993 | 17.0 | 7.5 | 6.3 | 1.7 | 0.7 | 0.3 | 0.2 | 0.3 |
| Fiscal 1992 | 17.0 | 7.4 | 6.4 | 1.6 | 0.7 | 0.3 | 0.2 | 0.4 |
| Fiscal 1991 | 17.3 | 7.7 | 6.5 | 1.6 | 0.7 | 0.3 | 0.2 | 0.4 |
| Fiscal 1990 | 17.5 | 7.9 | 6.4 | 1.6 | 0.6 | 0.3 | 0.2 | 0.5 |
| Fiscal 1989 | 17.8 | 8.0 | 6.5 | 1.9 | 0.6 | 0.3 | 0.2 | 0.4 |
| Fiscal 1988 | 17.7 | 7.8 | 6.5 | 1.8 | 0.7 | 0.3 | 0.1 | 0.4 |
| Fiscal 1987 | 17.9 | 8.2 | 6.4 | 1.8 | 0.7 | 0.3 | 0.2 | 0.4 |
| Fiscal 1986 | 17.0 | 7.7 | 6.3 | 1.4 | 0.7 | 0.3 | 0.2 | 0.4 |
| Fiscal 1985 | 17.2 | 7.8 | 6.2 | 1.4 | 0.8 | 0.3 | 0.2 | 0.4 |
| Fiscal 1984 | 16.9 | 7.6 | 6.1 | 1.4 | 0.9 | 0.3 | 0.2 | 0.4 |
| Fiscal 1983 | 17.0 | 8.2 | 5.9 | 1.0 | 1.0 | 0.2 | 0.2 | 0.4 |
| Fiscal 1982 | 18.6 | 9.0 | 6.1 | 1.5 | 1.1 | 0.3 | 0.2 | 0.5 |
| Fiscal 1981 | 19.1 | 9.1 | 5.8 | 2.0 | 1.3 | 0.3 | 0.2 | 0.4 |
| Fiscal 1980 | 18.5 | 8.7 | 5.7 | 2.3 | 0.9 | 0.3 | 0.2 | 0.5 |
| Fiscal 1979 | 18.1 | 8.5 | 5.4 | 2.6 | 0.7 | 0.3 | 0.2 | 0.4 |
| Fiscal 1978 | 17.6 | 8.0 | 5.3 | 2.6 | 0.8 | 0.3 | 0.2 | 0.3 |
| Fiscal 1977 | 17.6 | 7.8 | 5.3 | 2.7 | 0.9 | 0.3 | 0.4 | 0.3 |
| Fiscal 1976 | 16.7 | 7.4 | 5.1 | 2.3 | 1.0 | 0.2 | 0.3 | 0.4 |
| Fiscal 1975 | 17.4 | 7.6 | 5.3 | 2.5 | 1.0 | 0.2 | 0.3 | 0.4 |
| Fiscal 1974 | 17.8 | 8.0 | 5.1 | 2.6 | 1.1 | 0.2 | 0.3 | 0.4 |
| Fiscal 1973 | 17.1 | 7.6 | 4.7 | 2.7 | 1.2 | 0.2 | 0.4 | 0.3 |
| Fiscal 1972 | 17.0 | 7.8 | 4.3 | 2.6 | 1.3 | 0.3 | 0.4 | 0.3 |
| Fiscal 1971 | 16.8 | 7.7 | 4.2 | 2.4 | 1.5 | 0.2 | 0.3 | 0.3 |
| Fiscal 1970 | 18.4 | 8.6 | 4.2 | 3.1 | 1.5 | 0.2 | 0.3 | 0.3 |
| Fiscal 1969 | 19.1 | 8.9 | 4.0 | 3.7 | 1.6 | 0.2 | 0.4 | 0.3 |
| Fiscal 1968 | 17.0 | 7.7 | 3.8 | 3.2 | 1.6 | 0.2 | 0.3 | 0.3 |
| Fiscal 1967 | 17.8 | 7.4 | 3.9 | 4.1 | 1.6 | 0.2 | 0.4 | 0.3 |
| Fiscal 1966 | 16.8 | 7.1 | 3.3 | 3.9 | 1.7 | 0.2 | 0.4 | 0.2 |
| Fiscal 1965 | 16.5 | 6.9 | 3.1 | 3.6 | 2.1 | 0.2 | 0.4 | 0.2 |
| Fiscal 1964 | 17.0 | 7.4 | 3.3 | 3.6 | 2.1 | 0.2 | 0.4 | 0.2 |
| Fiscal 1963 | 17.2 | 7.7 | 3.2 | 3.5 | 2.1 | 0.2 | 0.4 | 0.2 |
| Fiscal 1962 | 17.0 | 7.8 | 2.9 | 3.5 | 2.1 | 0.2 | 0.3 | 0.1 |
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What does CBO's ten-year budget baseline give for each fiscal year?February 2026 release, CBO's estimates, not ours
| Fiscal year | All revenue ($ billion) | Individual income taxes ($ billion) | Payroll taxes ($ billion) | Corporate income taxes ($ billion) | Customs duties ($ billion) | Other receipts ($ billion) |
|---|---|---|---|---|---|---|
| Fiscal 2025, actual | 5,235 | 2,656 | 1,748 | 452 | 195 | 183 |
| Fiscal 2026 | 5,596 | 2,751 | 1,826 | 404 | 418 | 197 |
| Fiscal 2027 | 5,885 | 2,947 | 1,897 | 419 | 421 | 201 |
| Fiscal 2028 | 6,071 | 3,044 | 1,970 | 433 | 424 | 201 |
| Fiscal 2029 | 6,320 | 3,193 | 2,048 | 452 | 417 | 209 |
| Fiscal 2030 | 6,595 | 3,339 | 2,132 | 477 | 412 | 235 |
| Fiscal 2031 | 6,869 | 3,461 | 2,216 | 493 | 405 | 293 |
| Fiscal 2032 | 7,130 | 3,594 | 2,302 | 510 | 389 | 334 |
| Fiscal 2033 | 7,391 | 3,744 | 2,389 | 526 | 382 | 351 |
| Fiscal 2034 | 7,669 | 3,903 | 2,478 | 539 | 382 | 368 |
| Fiscal 2035 | 7,972 | 4,072 | 2,570 | 552 | 390 | 388 |
| Fiscal 2036 | 8,301 | 4,249 | 2,666 | 576 | 402 | 408 |
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How did CBO's estimate change from one release to the next?CBO's ten-year budget baseline: Feb 2026, Jan 2025, Jun 2024; CBO's estimates, not ours
| Measure | Fiscal year | Feb 2026 release | Jan 2025 release | Jun 2024 release |
|---|---|---|---|---|
| All revenue | Fiscal 2034 | 7,669 | 7,708 | 7,459 |
| Individual income taxes | Fiscal 2034 | 3,903 | 4,220 | 4,021 |
| Payroll taxes | Fiscal 2034 | 2,478 | 2,510 | 2,455 |
| Corporate income taxes | Fiscal 2034 | 539 | 503 | 507 |
| Other receipts | Fiscal 2034 | 368 | 474 | 476 |
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What did CBO's January 2025 release give for each fiscal year?CBO's ten-year budget baseline, an earlier release; CBO's estimates, not ours
| Fiscal year | All revenue ($ billion) | Individual income taxes ($ billion) | Payroll taxes ($ billion) | Corporate income taxes ($ billion) | Other receipts ($ billion) |
|---|---|---|---|---|---|
| Fiscal 2024, actual | 4,918 | 2,426 | 1,709 | 530 | 253 |
| Fiscal 2025 | 5,163 | 2,621 | 1,759 | 524 | 259 |
| Fiscal 2026 | 5,580 | 2,968 | 1,840 | 495 | 277 |
| Fiscal 2027 | 5,935 | 3,253 | 1,915 | 469 | 298 |
| Fiscal 2028 | 6,108 | 3,355 | 1,990 | 462 | 301 |
| Fiscal 2029 | 6,290 | 3,455 | 2,072 | 453 | 310 |
| Fiscal 2030 | 6,549 | 3,584 | 2,155 | 450 | 360 |
| Fiscal 2031 | 6,834 | 3,721 | 2,242 | 456 | 416 |
| Fiscal 2032 | 7,106 | 3,870 | 2,329 | 468 | 439 |
| Fiscal 2033 | 7,405 | 4,037 | 2,419 | 493 | 456 |
| Fiscal 2034 | 7,708 | 4,220 | 2,510 | 503 | 474 |
| Fiscal 2035 | 8,031 | 4,413 | 2,605 | 517 | 496 |
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What did CBO's June 2024 release give for each fiscal year?CBO's ten-year budget baseline, an earlier release; CBO's estimates, not ours
| Fiscal year | All revenue ($ billion) | Individual income taxes ($ billion) | Payroll taxes ($ billion) | Corporate income taxes ($ billion) | Other receipts ($ billion) |
|---|---|---|---|---|---|
| Fiscal 2023, actual | 4,441 | 2,176 | 1,614 | 420 | 230 |
| Fiscal 2024 | 4,890 | 2,447 | 1,678 | 525 | 239 |
| Fiscal 2025 | 5,038 | 2,550 | 1,737 | 490 | 260 |
| Fiscal 2026 | 5,394 | 2,841 | 1,814 | 470 | 268 |
| Fiscal 2027 | 5,756 | 3,122 | 1,886 | 459 | 289 |
| Fiscal 2028 | 5,944 | 3,224 | 1,960 | 462 | 298 |
| Fiscal 2029 | 6,133 | 3,327 | 2,038 | 461 | 307 |
| Fiscal 2030 | 6,354 | 3,455 | 2,118 | 463 | 318 |
| Fiscal 2031 | 6,661 | 3,583 | 2,200 | 466 | 412 |
| Fiscal 2032 | 6,899 | 3,710 | 2,283 | 471 | 435 |
| Fiscal 2033 | 7,176 | 3,859 | 2,368 | 495 | 454 |
| Fiscal 2034 | 7,459 | 4,021 | 2,455 | 507 | 476 |
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What does CBO's long-term budget projections give for each fiscal year?February 2026 release, CBO's estimates, not ours
| Fiscal year | All revenue (% of GDP) | Individual income taxes (% of GDP) | Payroll taxes (% of GDP) | Corporate income taxes (% of GDP) | Customs duties (% of GDP) | Other receipts (% of GDP) |
|---|---|---|---|---|---|---|
| Fiscal 2026 | 17.5 | 8.6 | 5.7 | 1.3 | 1.3 | 0.6 |
| Fiscal 2027 | 17.7 | 8.8 | 5.7 | 1.3 | 1.3 | 0.6 |
| Fiscal 2028 | 17.5 | 8.8 | 5.7 | 1.2 | 1.2 | 0.6 |
| Fiscal 2029 | 17.6 | 8.9 | 5.7 | 1.3 | 1.2 | 0.6 |
| Fiscal 2030 | 17.6 | 8.9 | 5.7 | 1.3 | 1.1 | 0.6 |
| Fiscal 2031 | 17.7 | 8.9 | 5.7 | 1.3 | 1.0 | 0.8 |
| Fiscal 2032 | 17.7 | 8.9 | 5.7 | 1.3 | 1.0 | 0.8 |
| Fiscal 2033 | 17.7 | 9.0 | 5.7 | 1.3 | 0.9 | 0.8 |
| Fiscal 2034 | 17.7 | 9.0 | 5.7 | 1.2 | 0.9 | 0.8 |
| Fiscal 2035 | 17.7 | 9.0 | 5.7 | 1.2 | 0.9 | 0.9 |
| Fiscal 2036 | 17.8 | 9.1 | 5.7 | 1.2 | 0.9 | 0.9 |
| Fiscal 2037 | 17.8 | 9.2 | 5.7 | 1.2 | 0.9 | 0.9 |
Show 19 more rows
| Fiscal year | All revenue (% of GDP) | Individual income taxes (% of GDP) | Payroll taxes (% of GDP) | Corporate income taxes (% of GDP) | Customs duties (% of GDP) | Other receipts (% of GDP) |
|---|---|---|---|---|---|---|
| Fiscal 2038 | 17.9 | 9.2 | 5.7 | 1.2 | 0.8 | 0.9 |
| Fiscal 2039 | 17.9 | 9.3 | 5.7 | 1.2 | 0.8 | 0.9 |
| Fiscal 2040 | 18.0 | 9.3 | 5.7 | 1.2 | 0.8 | 0.9 |
| Fiscal 2041 | 18.1 | 9.4 | 5.7 | 1.3 | 0.8 | 0.9 |
| Fiscal 2042 | 18.1 | 9.4 | 5.7 | 1.3 | 0.8 | 0.9 |
| Fiscal 2043 | 18.2 | 9.5 | 5.7 | 1.3 | 0.8 | 1.0 |
| Fiscal 2044 | 18.2 | 9.5 | 5.7 | 1.3 | 0.8 | 1.0 |
| Fiscal 2045 | 18.3 | 9.6 | 5.7 | 1.3 | 0.8 | 1.0 |
| Fiscal 2046 | 18.3 | 9.6 | 5.7 | 1.3 | 0.8 | 1.0 |
| Fiscal 2047 | 18.4 | 9.7 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2048 | 18.4 | 9.7 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2049 | 18.5 | 9.8 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2050 | 18.5 | 9.8 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2051 | 18.5 | 9.8 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2052 | 18.6 | 9.9 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2053 | 18.6 | 10.0 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2054 | 18.7 | 10.0 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2055 | 18.7 | 10.1 | 5.7 | 1.3 | 0.7 | 1.0 |
| Fiscal 2056 | 18.8 | 10.1 | 5.7 | 1.3 | 0.7 | 1.0 |
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How did CBO's estimate change from one release to the next?CBO's long-term budget projections: Feb 2026, Mar 2025; CBO's estimates, not ours
| Measure | Fiscal year | Feb 2026 release | Mar 2025 release |
|---|---|---|---|
| All revenue | Fiscal 2055 | 18.7 | 19.3 |
| Individual income taxes | Fiscal 2055 | 10.1 | 10.9 |
| Payroll taxes | Fiscal 2055 | 5.7 | 5.9 |
| Corporate income taxes | Fiscal 2055 | 1.3 | 1.2 |
| Other receipts | Fiscal 2055 | 1.0 | 1.3 |
What did CBO's March 2025 release give for each fiscal year?CBO's long-term budget projections, an earlier release; CBO's estimates, not ours
| Fiscal year | All revenue (% of GDP) | Individual income taxes (% of GDP) | Payroll taxes (% of GDP) | Corporate income taxes (% of GDP) | Other receipts (% of GDP) |
|---|---|---|---|---|---|
| Fiscal 2025 | 17.1 | 8.7 | 5.8 | 1.7 | 0.9 |
| Fiscal 2026 | 17.8 | 9.5 | 5.9 | 1.6 | 0.9 |
| Fiscal 2027 | 18.2 | 10.0 | 5.9 | 1.4 | 0.9 |
| Fiscal 2028 | 18.1 | 9.9 | 5.9 | 1.4 | 0.9 |
| Fiscal 2029 | 17.9 | 9.9 | 5.9 | 1.3 | 0.9 |
| Fiscal 2030 | 18.0 | 9.8 | 5.9 | 1.2 | 1.0 |
| Fiscal 2031 | 18.1 | 9.8 | 5.9 | 1.2 | 1.1 |
| Fiscal 2032 | 18.1 | 9.9 | 5.9 | 1.2 | 1.1 |
| Fiscal 2033 | 18.2 | 9.9 | 5.9 | 1.2 | 1.1 |
| Fiscal 2034 | 18.2 | 10.0 | 5.9 | 1.2 | 1.1 |
| Fiscal 2035 | 18.3 | 10.0 | 5.9 | 1.2 | 1.1 |
| Fiscal 2036 | 18.4 | 10.1 | 5.9 | 1.2 | 1.1 |
Show 19 more rows
| Fiscal year | All revenue (% of GDP) | Individual income taxes (% of GDP) | Payroll taxes (% of GDP) | Corporate income taxes (% of GDP) | Other receipts (% of GDP) |
|---|---|---|---|---|---|
| Fiscal 2037 | 18.4 | 10.2 | 5.9 | 1.2 | 1.2 |
| Fiscal 2038 | 18.5 | 10.2 | 5.9 | 1.2 | 1.2 |
| Fiscal 2039 | 18.6 | 10.3 | 5.9 | 1.2 | 1.2 |
| Fiscal 2040 | 18.6 | 10.3 | 5.9 | 1.2 | 1.2 |
| Fiscal 2041 | 18.7 | 10.4 | 5.9 | 1.2 | 1.2 |
| Fiscal 2042 | 18.8 | 10.4 | 5.9 | 1.2 | 1.2 |
| Fiscal 2043 | 18.8 | 10.5 | 5.9 | 1.2 | 1.2 |
| Fiscal 2044 | 18.9 | 10.5 | 5.9 | 1.2 | 1.2 |
| Fiscal 2045 | 18.9 | 10.5 | 5.9 | 1.2 | 1.2 |
| Fiscal 2046 | 18.9 | 10.6 | 5.9 | 1.2 | 1.2 |
| Fiscal 2047 | 19.0 | 10.6 | 5.9 | 1.2 | 1.2 |
| Fiscal 2048 | 19.0 | 10.7 | 5.9 | 1.2 | 1.2 |
| Fiscal 2049 | 19.1 | 10.7 | 5.9 | 1.2 | 1.2 |
| Fiscal 2050 | 19.1 | 10.7 | 5.9 | 1.2 | 1.2 |
| Fiscal 2051 | 19.1 | 10.8 | 5.9 | 1.2 | 1.3 |
| Fiscal 2052 | 19.2 | 10.8 | 5.9 | 1.2 | 1.3 |
| Fiscal 2053 | 19.2 | 10.9 | 5.9 | 1.2 | 1.3 |
| Fiscal 2054 | 19.3 | 10.9 | 5.9 | 1.2 | 1.3 |
| Fiscal 2055 | 19.3 | 10.9 | 5.9 | 1.2 | 1.3 |
The table scrolls sideways; the first column stays in place.
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- Customs duties are taxes on imported goods. CBO's ten-year baseline lists them on a line of their own in its February 2026 release; its January 2025 and June 2024 releases, kept here, do not.
- CBO restates earlier years when the Bureau of Economic Analysis revises GDP and when CBO updates its historical data. The history here is the newest release we hold, and the page says which.
- CBO's projections assume that current law stays as it is. They are CBO's estimates, not ours, and each box names the CBO release it comes from.
- Earlier releases of CBO's projections are kept in the tables, so that one year can be compared across releases. A release that gives fewer than five years of a measure is left out.
Observed . Checked .
How to cite this
Congressional Budget Office, Historical Budget Data and budget projections, February 2026 release; CBO's ten-year budget baseline, February 2026 release; CBO's long-term budget projections, February 2026 release. Compiled by 500metrics, "Where does the US federal government get its money?", https://500metrics.com/treasury/federal-revenue.
Can the data be downloaded?treasury-federal-revenue.csv
Download every year and every CBO release as CSV: 1,045 rows, to , 137,530 bytes.
Our text and compilation: CC BY 4.0.
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