Infographic: Revenues in 2013

Infographic: Revenues in 2013
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The federal budget in 2013

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  • TheFEDERALBUDGET IN 2013 A Closer Look at Revenues

    Funds collected from the public that arise from the governments exercise of its sovereign powers

    All data are for federal fiscal years,which run from October 1 to September 30.

    Numbers may not add up to totals because of rounding.

    REVENUES, $2.8 Tri l l ion

    SPENDING, $3.5 Tri l l ion

    Mandator y$2.0 Tr i l l ion

    Discret ionar y$1.2 Tr i l l ion

    Net Interest$0.2 Tr i l l ionF

    ISC

    AL

    YE

    AR

    20

    13

    Individual Income Taxes

    Corporate Income Taxes

    Social Insurance(Payroll) Taxes

    Other

    0 200 400 600 800 1,000 1,200 1,400

    IndividualIncome Taxes$1,316 Billion

    Social Insurance(Payroll) Taxes

    $948 Billion

    CorporateIncome Taxes

    $274 Billion

    Other$237 Billion

    Old-Age, Survivors, and Disability Insurance

    Excise Taxes

    FederalReserveEarnings

    Miscellaneous Fees and Fines

    CustomsDuties

    Hospital Insurance Other

    $673 $209 $66

    Estate and Gift Taxes

    $84 $76 $32$19

    $27

    Prepared by Maureen Costantino and Jonathan Schwabish

    Source: Congressional Budget Office, April 2014

    Contact: CBO Tax Analysis Division

    For more details, see CBOs Updated Budget Projections: 2014 to 2024

    (April 2014), http://go.usa.gov/k2TA.

    Trends in RevenuesPercentage of gross domestic product

    Revenues in 2013Billions of dollars

    0

    2

    4

    6

    8

    10

    1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013

    Omnibus Budget Reconciliation Act of 1993

    Taxpayer ReliefAct of 1997

    Economic Growth and Tax ReliefReconciliation Actof 2001

    Jobs and Growth Tax ReliefReconciliation Act of 2003

    Tax Relief,Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    American Taxpayer Relief Act of 2012

    Recession Recession

    Revenues at a Glance

    Revenues received bythe federal government

    in 2013

    $2.8 TrillionReceipts in 2013 from

    individual income taxes, the largest source

    of revenues

    $1.3 TrillionRevenues as a

    percentage of gross domestic product in 2013

    Average revenues as a percentage of gross

    domestic product between 1993 and 2012

    16.7% 17.2%