2009 Federal Revenue and Spending Book of Charts

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Total Tax Burden Is Rising to Highest Level in History

Under current law, tax revenues are expected to leap to 25.5 percent of the economy by 2082. Under President Obama's plan, tax revenues would remain consistently above the historical average of 18.4 percent of GDP. Both scenarios envision tax revenues higher than under current policy projections which patch the AMT and extend many of the 2001 and 2003 tax cuts.

Federal Tax Revenues as a Percentage of GDP

Federal Tax Revenues
 
 
Source: Congressional Budget Office; White House Office of Management and Budget.

Key Research:
Taxes and Tax Rates

The Clinton Administration Oversaw the Highest Increase in Taxes per Household



Corporate Income Tax Receipts Stay Constant Even as Tax Rates Decline



Corporate Income Tax Cuts Boost Federal Revenues



Current Tax Receipts Below Historical Average



Federal Government Revenues Have More Than Tripled Since 1965



Income Tax Receipts Stay Constant Even as Tax Rates Decline



Connecticut, New York, and New Jersey Have the Highest Percentage of Taxpayers Paying the Alternative Minimum Tax



A Breakdown of Federal Revenue Sources



Taxes per Household Have Risen Dramatically



The Top 10 Percent of Income Earners Paid 71 Percent of Federal Income Tax



Total Tax Burden Is Rising to Highest Level in History