Share of Federal Revenues from Various Sources
by The Brookings Institution on Feb 26, 2014 | Views: 229 | Score: 3
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by The Brookings Institution on Feb 26, 2014 | Views: 229 | Score: 3
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This year, about 46% of all revenues come from the individual income tax, 34% from the Social Security/Medicare payroll tax and 12% from taxes on corporate profits. Forty years earlier, it was 45% from the individual income tax, not much change there. But 15% came from the Social Security/Medicare payroll tax and 29% from taxes on corporate profits.
At budget and tax time, here's an interesting chart.