0 200 400 600 800 1,000 1,200 1,400 1,600

IndividualIncome Taxes

Payroll Taxes

$1,684

$1,171

CorporateIncome Taxes

$205

Other

$271

OtherHospital InsuranceOld-Age, Survivors, and Disability Insurance

855 261 55

Miscellaneous Fees and Fines

Estate andGift TaxesCustoms

Duties

41 41 23

FederalReserveRemittances

Excise Taxes

95 71

Billions of DollarsREVENUES IN 2018

Percentage of Gross Domestic Product

RE

CE

SS

IO

N

RE

CE

SS

IO

N

TRENDS IN REVENUES

Individual Income Taxes

Payroll Taxes

Corporate Income Taxes

Other

0

2

4

6

8

10

12

1998 2002 2006 2010 2014 2018

Economic Growth and Tax Relief Reconciliation Act of 2001

Jobs and Growth Tax ReliefReconciliation Act of 2003

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

American TaxpayerRelief Act of 2012

2017 Tax Act

AT

A G

LAN

CE

Revenues received by the federal government

in 2018

$3.3Trillion

Receipts fromindividual income taxes,

the largest sourceof revenues, in 2018

Revenues as apercentage of GDP in 2018

Average revenues as a percentage of GDP

between 1998 and 2017

$1.7Trillion 16.5%17.1%

Prepared by Leigh Angres and Jorge SalazarSource: Congressional Budget O�ce, June 2019

All data are for federal fiscal years,which run from October 1 to September 30.

Numbers may not add up to totals because of rounding.

THE FEDERAL BUDGETIN 2018

Funds collected from the public that arise from the government’s exercise of its sovereign powers

A CLOSERLOOK ATREVENUES

FISCAL

YEA

R 2

018

OUTLAYS, $4.1 TRILLION

Mandatory $2.5 T

Discretionary $1.3 T

NetInterest $0.3 T

REVENUES, $3.3 TRILLION