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The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year. www.thebalancemoney.com |
The Federal Government's Current Revenue
The U.S. government estimates its total revenue to be $5.49 trillion for fiscal year 2025.
Per the White House's projections, income taxes are slated to contribute $2.6 trillion. Another $2.2 trillion should come from payroll taxes. This includes $1.3 trillion for Social Security, $399 billion for Medicare, and $56 billion for unemployment insurance. Corporate taxes would add another $467 billion.1
The remainder of federal revenue comes from excise taxes, tariffs on imports, miscellaneous receipts, and estate taxes.
