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State and local revenue is updated when published by the US Census Bureau. Typically, federal revenue for the fiscal year ending September 30 is first updated from the US Treasury data published in mid October each year, and then updated when the federal budget is published the following February. Payroll taxes paid by both workers and employers. There are three major types of taxes: Income taxes paid by individuals. The government does receive income from other sources (like fees and interest), but those sources are dwarfed by what we all pay in taxes. The most recent year for actual local government revenue is FY 2020. Taxes are by far the largest source of income (or revenue) for the federal government. The most recent year for actual state revenue is FY 2021. The most recent year for actual federal revenue is FY 2022. MS Access database at a US Census Bureau site:įederal revenue prior to 1962 and state and local revenue prior to 1971 is obtained fromīicentennial Edition: Historical Statistics of the United States, Colonial Times to 1970.įor a table of data sources see Government Spending Data: Sources. State and local revenue for individual states between 19 is obtained from an Statistical Abstract of the United States. Nationwide state and local revenue between 19 is obtained from State and local receipts—both for the United States as a whole and for individual states—for 1992 and after are derived from spending, revenue, and debt data in theĬensus of state and local government finances. More recent spending, including future years out to 2028, areįederal receipts for 1962 and after are based on federal data on receipts in the Records of recent revenue are more detailed than historicalĪll federal receipts prior to 2023, state revenue prior to 2022 and local revenue prior to 2021 are actual. Three categories: budgeted, estimated, and guesstimated. Government revenue data in includes historical revenue and also future revenue in 2011/03/change-to-guesstimated-state-and-local.html'Guesstimated' by projecting the latest change in reported revenue forward to future yearssource: ĭata Sources: For a discussion of the sources of the government revenue data used here read How

Tables 2.1, 2.4, 2.5, 7.1State and Local: and Local Gov. Gross Public Debt34,807.7e0.01,322.7g2,330.2g38,460.6gLegend: b - estimated by US budget g - 'guesstimated' projection by e - estimated by Data Sources:GDP, GO: /search/label/usgdpGDP, GO SourcesFederal: Budget: Hist. 2011/03/change-to-guesstimated-state-and-local.html'Guesstimated' by projecting the latest change in reported revenue forward to future years GDP, GO: /search/label/usgdpGDP, GO Sourcesįederal: Budget: Hist. G - 'guesstimated' projection by Į - estimated by United States Federal, State and Local Government Revenue