United States - Taxes on income, profits and capital gains (% of total taxes)

Taxes on income, profits and capital gains (% of total taxes) in United States was 91.85 as of 2020. Its highest value over the past 48 years was 92.59 in 2007, while its lowest value was 82.34 in 2017.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 83.97
1973 85.12
1974 86.18
1975 86.53
1976 85.95
1977 87.52
1978 88.80
1979 89.92
1980 89.02
1981 86.16
1982 86.74
1983 86.71
1984 86.67
1985 87.91
1986 88.59
1987 89.68
1988 89.33
1989 90.30
1990 89.83
1991 89.08
1992 88.62
1993 88.77
1994 88.31
1995 89.09
1996 90.23
1997 90.70
1998 91.04
1999 90.13
2000 91.16
2001 90.98
2002 89.60
2003 89.57
2004 89.71
2005 91.07
2006 91.87
2007 92.59
2008 91.95
2009 90.21
2010 91.32
2011 92.05
2012 91.86
2013 91.71
2014 91.92
2015 92.15
2016 92.33
2017 82.34
2018 90.91
2019 91.16
2020 91.85

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance