Federal Revenue and Spending: A Book of Charts

Corporate Income Tax Cuts Boost Federal Revenues

The economy has boomed since the 2003 tax cuts, leading to the highest level of corporate tax receipts in over 20 years.

Corporate Income Tax Receipts as a Share of GDP, 1985–2007
Federal Revenue & Spending Chart Graphic Featuring Federal Revenue
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Source: Congressional Budget Office’s Budget and Economic Outlook: Fiscal Years: 2008-2018, Appendix F, January 2008.