The tax code continues to get more and more complex every year. The IRS puts out a data report annually about their fiscal year which includes tax collections by the type of tax (Table 6). These numbers are not the final numbers – those numbers are arrived at once all credits and refunds are complete. However, the chart that results is instructive, and it allows us to make this tax visualization on how the tax code has changed over the years – and where the main sources of revenue are now and were before.
In the chart that follows, you can turn off individual categories so you can see how individual categories stack up (and please click through if you are reading this in a RSS reader or email). Note the relative size of the estate and gift taxes. For the amount of interest they receive, they are an insignificant portion of total tax collections.
1960-2010 Relative Collections Tax Visualization
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin. Surely he knew that many years later, sites like DQYDJ would be graphing what those taxes looked like to the US Treasury, right?
So, we hope you enjoyed this tax visualization. If you were in charge, how would you change it.. or do you like the current system we’ve got in place?