Federal Government Income

Fiscal Year 2011

Income Category	$ Billions	% of Outlays
Individual Income Taxes	1091	30
Social Insurance Tax and Contributions	819	23
Corporate Income Taxes	181	5
Other Taxes	211	6
Totals	2,302	64%
Deficit	1,299	<36>%

Source: Final Monthly Treasury Statement September 2011
* Percentage column numbers might be altered to allow total to equal 100%

"Other Taxes" includes excise taxes, estate and gift taxes, customs duties and other miscellaneous receipts.
Income figures are represented as a percentage of outlays. FY2011 income was 64% of outlays, which is another way of saying we had a 36% deficit. The federal government collected $2 trillion, 302 billion and borrowed $1,299 trillion in the open market by selling U.S. Treasury securities.

This budget exercise was developed by the Concord Coalition.
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