USA: Income and profits taxes

* indicates monthly or quarterly data series
 USA

Income, profits, and capital gains taxes: percent of revenue

 Latest value 57.72
 Year 2022
 Measure percent
 Data availability 1972 - 2022
 Average 53.31
 Min - Max 45.49 - 59.36
 Source The World Bank
For that indicator, we provide data for the USA from 1972 to 2022. The average value for the USA during that period was 53.31 percent with a minimum of 45.49 percent in 2009 and a maximum of 59.36 percent in 1972. The latest value from 2022 is 57.72 percent. For comparison, the world average in 2022 based on 19 countries is 32.05 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
USA - Income and profits taxes - Recent values chart

Historical chart
USA - Income and profits taxes - historical chart - 1972-2022




Definition: 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.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.03 2022 percent
 Government spending, in dollars 3,570.08 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -9.25 2023 percent
 Government debt 119.62 2023 percent
 Government expenditure 1,198.70 Q3/2023 billion
 Long-term government bond yield 4.38 9/2023 percent
 Tax revenue 12.32 2022 percent
 Commercial tax rate 36.60 2019 percent
 Tax preparation time 175 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 1.82 2022 percent
 Taxes on international trade 2.03 2022 percent
 Income and profits taxes 57.72 2022 percent
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