Tax Revenue in the U.S.

United States Federal Tax Revenue

U.S. president Donald Trump has promised to slash taxes and wants to reduce the corporate tax rate to 15 percent. It is the third biggest source of tax revenue in the United States. The biggest source by far is the individual income tax. It is estimated to amount to 49 percent (or $1.57 trillion) of all receipts this fiscal year. According to insidegov.com the income tax is levied on over 100 million American households each year.

If Trump gets his way the composition of tax revenue is set to change and the estimated 11 percent ($368 billion) tax revenue from corporate income will probably shrink. Corporate income tax is imposed at the federal level on all entities treated as corporations.

Description

This chart shows estimated composition of tax revenue in fiscal year 2017 (in percent)

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Share distribution of federal government tax revenue in the United States from fiscal years 2000 to 2025 with a forecast for 2026
Revenues of the United States government in fiscal year 2025, by category (in billion U.S. dollars)
Corporate income tax revenue in the United States from fiscal years 2000 to 2024 with a forecast to 2036 (in billion U.S. dollars)
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Individual income tax revenues in the United States from 2000 to 2025 with a forecast to 2036 (in billion U.S. dollars)
Corporate income tax revenues as a percentage of GDP in the United States from 2000 to 2024 with a forecast to 2035
Individual income tax revenues as a percentage of GDP in the United States from 2000 to 2024 with a forecast to 2035

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