Money & budgets
federal revenue
What the government collects: mostly individual income taxes and payroll taxes, plus corporate income taxes, excise taxes, tariffs, and fees.
In full
Individual income and payroll taxes together supply roughly four-fifths of federal receipts. Corporate income taxes contribute far less than most people assume, and customs duties less still. Revenue rises and falls with the economy independently of any policy change, which is why year-over-year comparisons need to account for the business cycle.
Also written as: receipts
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A plain-language explanation for civic education, not legal advice. When in doubt, the official source named above controls.