Increase in Revenue Needed to Close the Fiscal Gap without Decreasing Spending, with Federal Revenues for Comparison
					
Category					Dollars (in billions)		Percent of total			
Individual income taxes				1,609				47%
Social Security and other payroll taxes		1,310				38%
Other receipts					289				8%
Corporate income taxes				212				6%
			
Immediate and permanent
increase in revenue to close 
the fiscal gap					not applicable		36%			
						
URL: https://www.gao.gov/americas-fiscal-future | Last updated: 3/22/2021