Tariffs Make Up 1.6% of All Federal Revenue

In other words, it is not much to be chasing and probably cost us more in lost trade due to Trump’s tinkering with it to extract concessions from other countries. If you look at the chart, you can see Individual and Corporate taxes made up the bulk of the income tax receipts or federal revenue. In which case and as we all know and maybe you do not know? Trump and his political sycophants in the House and Senate are maneuvering to whack benefits for citizens to pay for tax breaks to corporations and a small minority of taxpayers. Such a noble bunch of citizen-elected politicians, heh?

But touting $77 billion here and there in public does look good politically, yes? And Trump is using it.

What are tariffs and how do they work? | USAFacts

This total accounted for 1.6% of federal revenue. Since the 1960s, duties have not made up more than 2.0% of total revenue.

The US brought in $77 billion in tariffs in 2024. This, according to the Congressional Budget Office (CBO). This was down from a historically high period after revenue from tariffs more than doubled from 2017 to 2022 ($108.2 billion).