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Revenue Analyses:
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What is the Total US Government Revenue?
In FY 2026, total US government revenue, federal, state, and local, is “guesstimated” to be $11.73 trillion. Federal revenue is budgeted at $5.87 trillion; state revenue is “guesstimated” at $3.47 trillion; local revenue is “guesstimated” at $2.39 trillion.
a usgovernmentrevenue.com briefing:
Estimated Government Revenue for FY 2026
In 2026 the governments in the United States are expected to collect about
38.3
percent of Gross Domestic Product in revenue. The federal government will collect about
19.3
percent of GDP, the states will collect about
11.5
percent of GDP, and local governments about
7.9
percent of GDP.
Government Revenue: Federal, State, Local
Governments in the US will collect $11.73 trillion in 2026.
In fiscal 2026 the federal government budgets that revenue will be $5.9 trillion. State revenue for 2026 is "guesstimated" by usgovernmentrevenue.com at $3.5 trillion and local government revenue is "guesstimated" by usgovernmentrevenue.com at $2.4 trillion.
Total revenue at all levels of government in the United States is "guesstimated" by usgovernmentrevenue.com to be $11.7 trillion in 2026.
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 $4.7 trillion in 2026. Next in line are social insurance taxes, including Social Security, unemployment and hospital taxes, adding up to $2.4 trillion. Ad-valorem taxes, i.e. sales taxes and property taxes, will amount to about $2.6 trillion in 2026. Fees and Charges will add up to $0.9 trillion, and Business and Other Revenue will add up to $0.6 trillion in 2026.
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 $11.73 trillion in 2026. The total features five major sources. The largest share is income taxes, at 40 percent of total revenue; social insurance at 21 percent of total revenue; ad-valorem taxes, at 22 percent of revenue; fees and charges at 8 percent of total revenue; business and other revenue at 5 percent of total revenue.
Pie Chart of Federal Government Revenue
Chart 3.05: Federal Revenue Pie
Federal revenue is budgeted at $5.87 trillion for FY 2026. Almost all revenue comes from income taxes, individual and corporate, at 63 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 $3.47 trillion in FY 2026, and is balanced between five major sources. The largest revenue source is social insurance taxes, including income from state employee retirement systems, amount to 13 percent of state revenue. Ad-valorem taxes — property and sales taxes — amount to 30 percent of total state revenue. State income taxes are 27 percent of total state revenue. Fees and charges amount to 11 percent of total state revenue; state business revenue comes in at 7 percent of receipts.
Pie Chart of Local Government Revenue
Chart 3.07: Local Revenue Pie
Local government revenue, as "guesstimated" by usgovernmentrevenue.com, will total about $2.39 trillion in FY 2026, and is dominated by ad-valorem taxes — i.e. property and sales taxes — amounting to 54 percent of total local government revenue. Fees and charges amount to 22 percent of local revenue; business revenue, such as utilities and liquor stores, amounts to 16 percent of total local revenue. Social insurance taxes, including income from local employee retirement systems, amount to 14 percent of 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 2026:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years
> data sources for other years
> data update schedule.
Blog
Federal Deficit, Receipts, Outlays Actuals for FY 2025
On October 16, 2025, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2025 ending September 30, 2025, was $1,775 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2025 federal budget published in February 2024:
| Federal Finances FY 2025 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,485 | $5,235 | |
| Outlays | $7,226 | $7,010 | |
| Deficit | $1,781 | $1,775 | |
We use the spending projections from the FY 2025 budget because the Federal government did not publish spending projections in its Budget for Fiscal Year 2026 as originally published in May 2025.
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2025 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 2025 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 FY27 budget in February 2026. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2025 by factoring subfunction budgeted amounts for FY25 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
On September 11, 2025 we updated the state and local spending and revenue for FY 2023 using the new Census Bureau ...
In March 2025 the US Census Bureau released data on state finances for FY 2023 here and ...
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presented by Christopher Chantrill