Tax Policy Center

Fiscal Facts

August 12, 2024
Corporate income tax revenues constituted 9% of total federal revenues in FY 2023, compared with around 50% from individual income tax revenues. Corporate income tax revenues last exceeded individual income tax revenues during World War II.
Fact: 
Corporate income tax revenues constituted 9% of total federal revenues in FY 2023, compared with around 50% from individual income tax revenues. Corporate income tax revenues last exceeded individual income tax revenues during World War II.
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