GET INVOLVED
Federal Government Income
Go to Spending
Fiscal Year 2012
| Income Category | $ Billions | % of Outlays |
| Individual Income Taxes | 1132 | 32 |
| Social Security and Medicare Taxes and Contributions | 845 | 24 |
| Corporate Income Taxes | 242 | 7 |
| Other Taxes | 230 | 6* |
| Totals | 2,449 | 69% |
| Deficit | 1,089 | <31>% |
Source: Final Monthly Treasury Statement September 2012
* Percentage column numbers might be altered to allow total to equal 100%
- "Other Taxes" includes excise taxes, estate and gift taxes, customs duties and other miscellaneous receipts.
- Income figures are represented as a percentage of outlays. FY2012 income was 69% of outlays, which is another way of saying we had a 31% deficit. The federal government collected $2 trillion, 449 billion and borrowed $1,089 trillion in the open market by selling U.S. Treasury securities.
This budget exercise was developed by the Concord Coalition.
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