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Revenue Analyses:
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What is the Total US Government Revenue?
In FY 2027, total US government revenue, federal, state, and local, is “guesstimated” to be $12.81 trillion. Federal revenue is budgeted at $5.92 trillion; state revenue is “guesstimated” at $4.19 trillion; local revenue is “guesstimated” at $2.71 trillion.
a usgovernmentrevenue.com briefing:
Estimated Government Revenue for FY 2027
In 2027 the governments in the United States are expected to collect about
40.2
percent of Gross Domestic Product in revenue. The federal government will collect about
18.5
percent of GDP, the states will collect about
13.2
percent of GDP, and local governments about
8.5
percent of GDP.
Government Revenue: Federal, State, Local
Governments in the US will collect $12.81 trillion in 2027.
In fiscal 2027 the federal government budgets that revenue will be $5.9 trillion. State revenue for 2027 is "guesstimated" by usgovernmentrevenue.com at $4.2 trillion and local government revenue is "guesstimated" by usgovernmentrevenue.com at $2.7 trillion.
Total revenue at all levels of government in the United States is "guesstimated" by usgovernmentrevenue.com to be $12.8 trillion in 2027.
Government Revenue: the Sources
The governments in the US collect about $7.1 trillion a year in income and payroll taxes.
Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $4.1 trillion in 2027. Next in line are social insurance taxes, including Social Security, unemployment and hospital taxes, adding up to $3.0 trillion. Ad-valorem taxes, i.e. sales taxes and property taxes, will amount to about $3.0 trillion in 2027. Fees and Charges will add up to $0.9 trillion, and Business and Other Revenue will add up to $0.7 trillion in 2027.
These revenue estimates are based on projections in the federal budget for federal revenue and on "guesstimates" of state and local revenue by usgovernmentrevenue.com.
Pie Chart of Total Government Revenue
Chart 3.04: Total Revenue Pie
Total government revenue in the United States, including federal, state, and local governments, is expected to total $12.81 trillion in 2027. The total features five major sources. The largest share is income taxes, at 32 percent of total revenue; social insurance at 23 percent of total revenue; ad-valorem taxes, at 24 percent of revenue; fees and charges at 7 percent of total revenue.
Pie Chart of Federal Government Revenue
Chart 3.05: Federal Revenue Pie
Federal revenue is budgeted at $5.92 trillion for FY 2027. Almost all revenue comes from income taxes, individual and corporate, at 56 percent of total federal revenue; and social insurance taxes, such as the FICA tax, at 33 percent of total federal revenue.
Pie Chart of State Government Revenue
Chart 3.06: State Revenue Pie
State government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $4.19 trillion in FY 2027, and is balanced between five major sources. The largest revenue source is social insurance taxes, including income from state employee retirement systems, amount to 21 percent of state revenue. Ad-valorem taxes — property and sales taxes — amount to 25 percent of total state revenue. State income taxes are 17 percent of total state revenue. Fees and charges amount to 9 percent of total state revenue.
Pie Chart of Local Government Revenue
Chart 3.07: Local Revenue Pie
Local government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $2.71 trillion in FY 2027, and is dominated by ad-valorem taxes — i.e. property and sales taxes — amounting to 49 percent of total local government revenue. Fees and charges amount to 20 percent of local revenue; business revenue, such as utilities and liquor stores, amounts to 17 percent of total local revenue.
Suggested Video: All About Income Tax
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Revenue Data Sources
Revenue data is from official government sources.
- Federal revenue data since 1962 comes from the president’s budget.
- All other revenue data comes from the US Census Bureau.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of revenue data sources here.
Federal revenue data begins in 1792.
State and local revenue data begins in 1820.
State and local revenue data for individual states begins in 1957.
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Data Sources for 2027:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
> data sources for other years
> data update schedule.
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US Budget Deficit, Receipts, Outlays for FY 2026
On October 15, 2026, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2025 ending September 30, 2026, was $1,99 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2026 federal budget published in February 2025:
| Federal Finances FY 2026 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,873 | $5,403 | |
| Outlays | $7,419 | $7,396 | |
| Deficit | $1,547 | $1,993 | |
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2026 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2025. usdgovernmentspending.com obtains the data for outlays and receipts from apis at fiscaldata.treasury.gov.
This MTS report on FY 2026 actuals is a problem for usgovernmentspending.com because this site uses Historical Table 3.2--Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. But the Monthly Treasury Statement only includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2025 and Other Periods". Subfunction amounts don't get reported until the FY28 budget in February 2027. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2026 by factoring subfunction budgeted amounts for FY26 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
On August 7, 2026 we updated the state and local spending and revenue for FY 2024 using the new Census Bureau ...
On July 2, 2026 we updated the state and local spending and revenue for FY 2024 using the new Census Bureau S ...
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