From TokenPost · · 40s
U.S. Corporate Tax Receipts Drop 16%
U.S. corporate tax receipts fell 16% to $381.4 billion in fiscal 2026, widening the federal budget deficit.
In brief
U.S. corporate tax receipts fell 16% to $381.4 billion in fiscal 2026, widening the federal budget deficit. U.S. corporate income tax receipts dropped 16% to $381.4 billion in fiscal 2026, increasing the federal budget deficit to $1.99 trillion. Originally reported by TokenPost.
Corporate Tax Receipts
U.S. corporate income tax receipts fell 16% to $381.4 billion in fiscal 2026, even as overall federal revenue rose.
Budget Deficit Widens
Federal spending climbed to $7.40 trillion from $7.01 trillion, widening the deficit to $1.99 trillion from $1.78 trillion.
Individual Tax Rise
Individual income tax receipts rose to $2.85 trillion from $2.66 trillion, offsetting corporate tax declines.
The essence
U.S. corporate income tax receipts dropped 16% to $381.4 billion in fiscal 2026, increasing the federal budget deficit to $1.99 trillion.
