Estimating Administrative Government Sales and Revenues

OVERVIEW

In contrast to Government Enterprises, which are funded largely by way of direct payments for services provided, and thus are treated as standard Industries in IMPLAN, Government Institutions receive the bulk of their funding through inter-institutional transfers (taxes, fees, fines, etc.). Government Institutions do also receive some funds as a result of the sale of some Commodities, known as Institutional Sales. 

This article describes the data sources and processes used to estimate Government Institution revenues.

FEDERAL GOVERNMENT REVENUES

Federal Government revenues data come from the BEA’s National Income and Product Account (NIPA) tables and the BEA’s Benchmark Input-Output tables, with the exception of the timber sales data, which are from the U.S. Forest Service. Federal Government receives revenues in the following forms:

  • From Industry:
    • Social Security tax
    • Transfer payments from businesses
    • Rents and royalties
    • Excise tax
    • Custom duty
    • Dividends
    • Corporate profits tax
  • From Households:
    • Personal income tax
    • Transfers from persons
  • Other sources of revenue:
    • Taxes from rest of world
    • The sale of goods and services

STATE AND LOCAL GOVERNMENT REVENUES

State and Local Government revenues data are obtained from a combination of the Census of State and Local Government Finances, the Annual Survey of State and Local Government Finances, the Annual Survey of State Government Tax Collections and the BEA’s NIPA tables. Depending on the state, State and Local Government receives revenues in the following forms:

  • From Industry:
    • Social Security tax
    • Transfer payments from businesses
    • Rents and royalties
    • Sales tax
    • Property tax
    • Motor vehicle tax
    • Severance tax
    • Other taxes
    • Special assessments
    • Dividends
    • Corporate profits tax
  • From Households:
    • Personal income tax
    • Transfers from persons
    • Motor vehicle licenses
    • Personal property tax
    • Fishing and hunting licenses
  • Other revenue sources
    • Intergovernmental Transfer
    • The sale of goods and services

RELATED ARTICLES


Generation and Interpretation of IMPLAN’s Tax Report

 

Written April 18, 2024