Federal Revenue And Expenditures By State

Detailed table of revenue data sources here.

Federal revenue and expenditures by state. Two important developments have fundamentally changed the allocation of revenue since the early 1900s. Since 1937 our principled research insightful analysis and engaged experts have informed smarter tax policy at the federal state and global levels. Through fiscal year 2010 the census bureau produced the annual consolidated federal funds report tracking federal expenditures both geographically and by agency and program. For example in virginia people on average contribute 10 571 in federal tax revenue but benefit from 20 872 in federal outlays.

Gross collections indicates the total federal tax revenue collected by the irs from each u s. Sources of tax and other revenue for federal state and local governments. State and local revenue data begins in 1820. Federal revenue data since 1962 comes from the president s budget.

Granted many of these expenditures are payments to the federal workers who actually live in the state but it s still a nice return for the state. Federal spending by state as of fy 2013. Bea produces the only comprehensive estimates of state and local government activity available on a timely basis. Data also are produced for the federal government and for state and local governments combined.

Federal revenue data begins in 1792. Federal state and local governments depend on different sources of revenue to finance their annual expenditures. Receipts outlays and surplus or deficit in dollars and as a percent of gdp from 1940 to 2025. On october xx 2020 the us treasury reported in its monthly treasury statement and xls for september that the federal deficit for fy 2020 ending september 30 2020 was 2 9xx billion here are the numbers including total receipts total outlays and deficit compared with the numbers projected in the fy 2021 federal budget published in.

Federal deficit receipts outlays actuals for fy 20. For over 80 years our goal has remained the same. State the district of columbia and the puerto rico the figure includes all individual federal taxes and corporate federal taxes income taxes payroll taxes. As of 2011 funding for the federal financial statistics program of which the cffr was part was cut from the federal budget.

This is a table of the total federal tax revenue by state federal district and territory collected by the u s.