Adobe Stock
Adobe Stock
This is an increase of 40.3% compared to the previous year, when Minnesota collected $139 million in such taxes.
Overall, Minnesota collected $6.8 billion in combined tax revenues in the first quarter of 2021.
During 2023, the U.S. government collected a total of $4.44 trillion in revenue. Individual income taxes were the biggest contributor, generating $2.18 trillion—nearly half of all revenue collected. Payroll taxes came in second, adding around $1.6 trillion to revenue. The third largest source was corporate income taxes, generating $420 billion.
In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
| Type of Tax | Amount (in millions of dollars) |
|---|---|
| Income Taxes | $3,530 |
| Sales and Gross Receipts Taxes | $2,620 |
| License Taxes | $438 |
| Miscellaneous Taxes | $195 |
| Property Taxes | $13 |
Alerts Sign-up