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Federal Budget Net Receipts, 1940Ð1995 (in millions of dollars) Year Individual Income Taxes Corporate Income Taxes Social Insurance Taxes and Contributions Excise Taxes Estate and Gift Taxes Customs Duties Federal Reserve Deposits Misc. Receipts Total Receipts 1940 1,110 978 1,715 1,844 353 331 0 548 6,879 1945 18,396 16,630 3,438 5,893 637 341 0 5,097 50,162 1950 15,747 10,449 4,386 7,550 698 407 192 1,511 40,940 1955 28,747 17,861 7,866 9,131 924 585 251 104 65,469 1960 40,741 21,494 14,684 11,676 1,606 1,105 1,093 94 92,942 1965 48,792 25,461 22,258 14,570 2,716 1,442 1,372 222 116,833 1970 90,412 32,829 45,298 15,705 3,644 2,430 3,266 158 193,743 1975 122,400 40,600 84,500 16,600 4,600 3,700 5,800 6,700 297,100 1980 244,100 64,600 157,800 24,300 6,400 7,200 11,800 12,700 517,100 1985 334,500 61,300 265,200 36,000 6,400 12,100 17,100 18,500 734,100 1990 466,884 93,507 380,047 35,345 11,500 16,707 24,319 NR 1,031,321 1995 590,244 157,004 484,473 57,484 14,763 19,301 23,378 NR 1,355,213 NR=not reported Source: U.S. Office of Management and Budget