In 2020, the total revenue of the U.S. government sum up to about 3.42 trillion U.S. dollars and consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes totaled up to 1.6 trillion U.S. dollars in 2020, whereas corporate income taxes totaled to 212 billion U.S. dollars.
U.S. government revenues in the fiscal year of 2020, by category
(in billion U.S. dollars)
Social insurance taxes are payroll taxes that fund social insurance, primarily social security and Medicare's hospital insurance program.
Other includes excise taxes, miscellaneous fees and fines, estate and gift taxes, and customs duties.
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US Congressional Budget Office. (February 11, 2021). U.S. government revenues in the fiscal year of 2020, by category (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 19, 2022, from https://www.statista.com/statistics/216928/us-government-revenues-by-category/
US Congressional Budget Office. "U.S. government revenues in the fiscal year of 2020, by category (in billion U.S. dollars)." Chart. February 11, 2021. Statista. Accessed January 19, 2022. https://www.statista.com/statistics/216928/us-government-revenues-by-category/
US Congressional Budget Office. (2021). U.S. government revenues in the fiscal year of 2020, by category (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 19, 2022. https://www.statista.com/statistics/216928/us-government-revenues-by-category/
US Congressional Budget Office. "U.S. Government Revenues in The Fiscal Year of 2020, by Category (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Feb 2021, https://www.statista.com/statistics/216928/us-government-revenues-by-category/
US Congressional Budget Office, U.S. government revenues in the fiscal year of 2020, by category (in billion U.S. dollars) Statista, https://www.statista.com/statistics/216928/us-government-revenues-by-category/ (last visited January 19, 2022)
