Changes in yearly federal tax receipts

Changes in federal tax receipts

Federal tax receipts are on pace for the biggest single-year drop since 1932. The annual percentage change for individual income taxes, corporate income taxes, Social Security taxes, and total tax receipts:

Sources: Office of Management and Budget, Treasury Department.

Note: Tax receipts for the 2009 budget year are through June, and are compared to the same period in the previous budget year. Budget years run from October to September.