Taxes

Federal revenues come largely from individual income taxes and payroll taxes, with corporate income taxes and other taxes playing smaller roles. CBO projects future federal revenues under current law, estimates the distribution of income and federal taxes, and analyzes the effects of various features of the federal tax system and potential changes to that system. (A separate page on the Budget provides information about a broader set of CBO's work in that area.)

REVENUE PROJECTIONS FOR FY 2024

(As of )

INDIVIDUAL INCOME TAXES

$2.5 Trillion

PAYROLL TAXES

$1.7 Trillion

CORPORATE INCOME TAXES

$569 Billion

OTHER

$234 Billion