United States | Taxes on income, profits and capital gains (% of total taxes)
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. 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.
Publisher
The World Bank
Origin
United States of America
Records
63
Source
United States | Taxes on income, profits and capital gains (% of total taxes)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 83.97380779
1973 85.12053708
1974 86.17975071
1975 86.52835995
1976 85.94626806
1977 87.51860427
1978 88.80005895
1979 89.92009639
1980 89.01767436
1981 86.15652174
1982 86.73790383
1983 86.70956762
1984 86.67024207
1985 87.91086846
1986 88.58689814
1987 89.67813541
1988 89.33044967
1989 90.30412625
1990 89.82629875
1991 89.07857885
1992 88.62365591
1993 88.77145323
1994 88.31249354
1995 89.09431173
1996 90.23120569
1997 90.70345072
1998 91.036575
1999 90.13109978
2000 91.15543422
2001 90.97572877
2002 89.60337184
2003 89.57249219
2004 89.71187634
2005 91.06840104
2006 91.86740685
2007 92.58956935
2008 91.94544027
2009 90.21259285
2010 91.31987167
2011 92.05219485
2012 91.8565514
2013 91.71181773
2014 91.8988724
2015 92.07902339
2016 92.29269157
2017 82.81215733
2018 90.92620592
2019 91.02439883
2020 91.98871866
2021 92.27491876
2022 92.75876351
United States | Taxes on income, profits and capital gains (% of total taxes)
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. 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.
Publisher
The World Bank
Origin
United States of America
Records
63
Source