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Research report

Changes in Tax Revenue Since 1929

Lydia Austin, Roberton C. Williams
June 16, 2014
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Abstract

This Tax Fact examines sources of federal and state & local tax revenue, from 1929 to the present. The composition of revenues at all levels of government changed dramatically with World War II, but has remained roughly stable since. At the federal level, payroll taxes have grown dramatically, and individual income taxes remain a major source of revenue. At the state and local level, sales and property taxes account for about one-third of revenues.

Research Area

Federal Budget and Economy Federal revenue State and Local Issues State and local taxes
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Meet the Experts

  • Lydia Austin
    Senior Manager
  • Roberton C. Williams
    Urban Institute Associate
Research report

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