« A Thought on Constrained and Unconstrained Visions | Main | Comparing Income Mobility and Income Inequality »

The Federal Taxes We Pay in 1 Chart

The following chart showing the composition of federal revenues is from the Peter G. Peterson Foundation. The Peterson Foundation adds the following observation:

"CBO projects that, as the economy recovers, revenues under current law will increase over the next couple of years, reaching about 18 percent of GDP in 2025. Individual income taxes and social insurance taxes (largely Social Security payroll taxes) account for most of federal government revenue."

The Peter G. Peterson Foundation sees their mission as increasing "public awareness of the nature and urgency of key fiscal challenges threatening America's future and to accelerate action on them."


TrackBack URL for this entry: