Passage: During FY2017, the federal government collected approximately $3.32 trillion in tax revenue, up $48 billion or 1.5% versus FY2016. Primary receipt categories included individual income taxes ($1,587B or 48% of total receipts), Social Security/Social Insurance taxes ($1,162B or 35%), and corporate taxes ($297B or 9%). Other revenue types included excise, estate and gift taxes. FY 2017 revenues were 17.3% of gross domestic product (GDP), versus 17.7% in FY 2016. Tax revenues averaged approximately 17.4% GDP over the 1980-2017 period.
Did revenues of GDP increase or decrease between FY 2016 and FY2017? How many percent were the Social Security taxes and Corporate taxes combined? Was FY2106 or FY2017 closer to the tax revenue average from 1980-2017? What taxes made up less than 9%? Which was the second hightest reciept category?