Where Will Federal Tax Revenue Come from in 2014?
October 25, 2013
When politicians talk about overhauling the nation’s tax code, they are typically only talking about reforming the corporate and individual income tax systems. Combined, these two sources comprise about 58 percent of all federal revenue in any given year. But it should be noted that the category of “individual income taxes” is comprised not only of collections from wages and salaries, but also includes revenues collected from taxes on other sources such as savings, capital gains, dividends, rents, and business income (including sole proprietors, S corporations, LLCs, and partnerships).
Social insurance taxes are dedicated to funding Social Security and Medicare programs and are generally considered outside the scope of most tax reform proposals.
For more charts like the one below, see the second edition of our chart book, Putting a Face on America's Tax Returns.
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback