Composition of Federal Revenues - 1934-2022 | Tax Policy Center

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March 20, 2023

The composition of receipts has not changed substantially over the last 40 years. In FY 2022, 54% came from individual income taxes (the highest ever recorded), 9% from corporate income taxes, 30% from payroll taxes, 2% from excise taxes, and 6% from othe

Fact:

The composition of receipts has not changed substantially over the last 40 years. In FY 2022, 54% came from individual income taxes (the highest ever recorded), 9% from corporate income taxes, 30% from payroll taxes, 2% from excise taxes, and 6% from other sources.