Tax Policy Center

Fiscal Facts

October 15, 2018
Federal Payroll Tax Receipts
Fact: 
Federal payroll tax revenues (primarily for Social Security and Medicare) totaled about $1.2 trillion in 2017. As a share of GDP, they were under 2% in the 1940s and grew to 6% by the mid-1980s; remaining roughly constant since, with the exception of the Great Recession.