Tax Policy Center

Fiscal Facts

July 8, 2024
In 2023, 49% of federal revenue came from individual income taxes and 36% from payroll taxes. Over time, the shares from corporate income taxes and excise taxes have declined.
Fact: 
In 2023, 49% of federal revenue came from individual income taxes and 36% from payroll taxes. Over time, the shares from corporate income taxes and excise taxes have declined.