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US Federal Receipts FY2005

US federal receipts for fiscal year 2005 was $2.15 trillion, up 14.6% from FY2004.

Receipts are total federal revenues in a fiscal year: individual income taxes, payroll taxes, corporate income taxes, customs duties, and other collections.

FY2005

$2.15 trillion

FY2004

$1.88 trillion

Year on year

+14.6%

Peak on record

$5.60 trillion

FY2026

Federal Receipts Over Time

FY2000โ€“FY2026

Why Federal Receipts Matters

Individual income and payroll taxes together supply the large majority of federal revenue, so receipts track wages and employment closely and fall sharply in recessions.

Federal Receipts by Fiscal Year

Other Metrics for FY2005