November 30, 2015

Federal Government Income

Go to Spending

Fiscal Year 2015

Income Category$ Billions% of Outlays
Individual Income Taxes154142
Social Security and Medicare Taxes and Contributions106529
Corporate Income Taxes3449
Other Taxes2998

Source:  Final Monthly Treasury Statement September 2015
* Percentage column numbers might be altered to allow total to equal 100%

Income figures are represented as a percentage of outlays. FY2015 income from taxes paid for 88% of outlays, which is another way of saying we borrowed money on the open market by selling US Treasury securities to cover 12% of our spending. That spending totaled $3 trillion, 687 billion.

  • "Other Taxes" includes excise taxes, estate and gift taxes, customs duties and other miscellaneous receipts.

This budget exercise was developed by the Concord Coalition.
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