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cost estimate
September 7, 2012
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Taxes
Over the past 40 years, federal revenues have ranged from nearly 21 percent of GDP, in fiscal year 2000, to less than 16 percent, in fiscal years 2009 through 2012; they have averaged about 18 percent of GDP over the four decades. In addition to projecting the future course of federal revenues, CBO analyzes the budgetary and economic effects of various features of the federal tax system and the effects of potential changes to current tax rules.
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Supplemental Material
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Additional Data
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- Budget Projections
- Economic Baseline Projections
- Key Assumptions in Projecting Potential GDP
- Tax Receipts
- Expiring Tax Provisions
related publications
-
The Budget and Economic Outlook: Fiscal Years 2012 to 2022
January 31, 2012 -
Updated Budget Projections: Fiscal Years 2012 to 2022
March 13, 2012 -
Economic Consequences Infographic
August 22, 2012
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