Obviously, it’s different each year but, just looking for a general number as to what the Federal Government of the United States collects in Federal Income Tax. I suppose that could include corporate funds also, but, I guess I’m mainly looking for funds collected from individuals.
Don’t jump the gun here. Don’t say, “I got back $1,000 so, I didn’t pay anything”. NO, you got a refund on top of what you paid.
Any figures out there (that are actuate)?
Like you said, there’s no such thing as an “average year”… but in the current fiscal year, the Bush Administration projects that it will receive $765.4 billion in individual income taxes, down from last year’s actual receipts of $793.7 billion. In FY2005, which starts on October 1, 2004, the Administration thinks it will get $873.8 billion as the economy picks up.
Keep in mind that this is just one slice of government revenue, especially with spending in excess of $2.2 trillion.
Other major revenue streams projected for this fiscal year include: Social insurance taxes (Social Security) – $732.4 billion; corporate income taxes, $168.7 billion; excise taxes, $70.8 billion; gift taxes, $23.9 billion; customs duties, $22.6 billion; and “miscellaneous receipts” $34.3 billion.
Source. Page 251, huge PDF.