US Federal Current Tax Receipts · USD bn (SAAR)

## What this measures

Federal tax receipts — personal, corporate, production and import taxes — at an annual rate, national-accounts basis.

## Why it matters

The denominator of debt affordability. Interest divided by receipts is the ratio rating agencies watch.

## How to read it

Receipts rise with nominal growth and fall hard in recessions; read the ratio `us.fiscal.interest_pct_receipts` rather than the level.

## What it does not say

Excludes social-insurance contributions.

## Source

U.S. Bureau of Economic Analysis via FRED, series W006RC1Q027SBEA.