Go to Spending
Fiscal Year 2015
|Income Category||$ Billions||% of Outlays|
|Individual Income Taxes||1541||42|
|Social Security and Medicare Taxes and Contributions||1065||29|
|Corporate Income Taxes||344||9|
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. 1011 Arlington Blvd, Suite 300, Arlington, VA 22209-2200 (703) 894-6222