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Bookmark or Share- How much money does the US federal government collect?The federal government shares preliminary revenue data monthly. These figures help show how much the federal government is collecting in revenue for the current fiscal year. Among the top revenue categories, individual income taxes and payroll taxes, the government collected $2.43 trillion and $1.7 trillion, respectively, in FY 2024.
- Financial Report of the United States Government - Bureau of the Fiscal ...The Department of the Treasury, in coordination with the Office of Management and Budget (OMB), prepares the Financial Report, which includes the financial statements for the U.S. Government.
- Where Federal Revenue Comes From & How It’s Spent - St. Louis FedIn fiscal year 2019 (Oct. 1, 2018, to Sept. 30, 2019), the federal government collected $3.5 trillion in revenue. If you live or work in this country, most likely you contribute to the revenue of the United States. The majority of revenue collected by the federal government comes from taxes.
- Financial Report of the United States Government - Executive Summary ...The government’s gross costs of $7.3 trillion, less $462.3 billion in revenues earned for goods and services provided to the public, plus $518.4 billion in net losses from changes in assumptions yields the government’s net cost of $7.4 trillion.
- How much revenue does the federal government collect? - USAFactsThe federal government collected $4.47 trillion in revenue during the 2023 fiscal year. [1] That’s a lot (10 zeros to be exact) but it also represents a decrease of 15.5%, a drop from the 14.3% increase we saw between 2021 and 2022.
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