US government receipts increased 7 percent year-on-year to USD 253 billion in October of 2018, as individual income taxes accounted for USD 129 billion, social security and other payroll taxes for USD 87 billion, excise taxes for USD 15 billion, corporate income taxes for USD 8 billion, miscellaneous receipts for USD 7 billion, custom duties for USD 6 billion and estate gift taxes for USD 2 billion. Government Revenues in the United States averaged 146049.79 USD Million from 1980 until 2018, reaching an all time high of 510447 USD Million in April of 2018 and a record low of 33111 USD Million in March of 1980.
Government Revenues in the United States is expected to be 293183.71 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Revenues in the United States to stand at 276222.77 in 12 months time. In the long-term, the United States Government Revenues is projected to trend around 276052.65 USD Million in 2020, according to our econometric models.