- Introduction
- Contents
- Federal Revenue
- Taxes & Tax Rates
- Federal Spending
- Budget Comparisons
- Projected Spending
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Current Federal Tax Receipts Near Historical Average |
Since World War II, tax receipts have averaged around 18 percent of the economy, or gross domestic product (GDP). Tax receipts were 18.5 percent of GDP in 2007, surpassing the 60-year average, and are estimated to decline to 17.6 percent in 2008 due to the slowing economy and tax rebates in the 2008 economic stimulus package. |
Total Federal Government Receipts as a Percentage of GDP, 1945–2008 |
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Source: Receipts from FY 2009 Historical Tables, Budget of the United States Government, Table 1.3. |
