RSSU.S. Government Tax Collections 1968 - 2007
In Washington, D.C. the term is revenues; everywhere else, they’re known as taxes. In 2007, the government collected $2.568 trillion from taxpayers, or $162 billion less than it spent during the same year. Unlike spending, revenues have not risen every year for the past 40 years. There was a very small decrease in 1983 during a phase-in of tax rate cuts. Revenues dropped considerably as a result of tax rate cuts in 2001 and again in 2003. However, in the last four years total tax collections have risen at the fastest pace in the past 40 years—an average of 9.5% per year.
12 Responses to “U.S. Government Tax Collections 1968 - 2007”
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October 1st, 2008 at 11:18 pm
I would be interested in seeing a chart showing just how much of our tax dollars are paid out in the ever increasing raises that our congressmen and women give themselves. We struggle to get by on below poverty level social security income and yet what do the leaders of our country as their part? They have secret service and huge salaries the rest of their lives. Why not cut their unnecessary benefits along with all the pork barrel and give taxpayers a bit of a break? Why are we (the taxpayers) paying for the perks etc. As long as there is so much greed in The Congress and the White House, our financial problems will never be solved.
September 16th, 2008 at 8:32 pm
PxxTitan:
Thank you for visiting PerotCharts.com and for your critique of this particular chart. We understand your suggestion. If we can locate all of the data we need to produce the chart you mention, perhaps we can construct it. In the meantime, you might be interested in this chart:
http://perotcharts.com/category/challenges/taxation/page/7/
I believe it will speak to the type of data you were looking for, but only for the latest year, 2007.