In 2018, the government collected $3.3 trillion in revenue.
Where does the money come from? If you lived or worked in the United States in 2018, most likely your contributions are part of the $3.3 trillion. Federal revenue consists mostly of individual, corporate, and social insurance taxes collected from the people who live, work, or do business in the United States each Fiscal Year.
How much is $3.3 trillion? If you take $3.3 trillion divided by the U.S. population estimate in 2018, of 327.7 million (U.S. Census Bureau) that would equate to a little more than $10,000 in revenue for every individual in the U.S.
Fiscal Year refers to the period of time used by the government for accounting and budget purposes. For the federal government, the fiscal year runs from October 1 through September 30.
Gross domestic product (GDP) measures the size of the nation's economy by the total value of final goods and services that are produced in a year. Gross domestic product is used to compare the economies of different countries, measure growth in the economy, and determine the right monetary policies to address inflation and unemployment.
In this visualization, one dot represents $1 billion of federal revenue.