RECEIPTS FOR 2021 FULL

Taxes on production and imports (line 4) turned down in the third quarter, reflecting downturns in customs duties and excise taxes.The deceleration in nonwithheld taxes reflects a deceleration in nonwage income. The deceleration in withheld taxes reflects the pattern of wages. Personal current taxes (line 3) continued to decelerate in the third quarter, reflecting a deceleration in both withheld taxes and nonwithheld taxes.

For more information, see the table “ Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts, Expenditures, and Saving.”

RECEIPTS FOR 2021 FULL

The full economic effects of the COVID-19 pandemic cannot be quantified in the federal government receipts and expenditures estimate for the third quarter of 2021, because the impacts are generally embedded in source data and cannot be separately identified. The acts established several temporary programs and provided additional funding for existing federal programs to support individuals, communities, and businesses impacted by the pandemic.

Since the onset of the COVID-19 pandemic, several legislative acts, including the Coronavirus Aid, Relief, and Economic Security Act, the Coronavirus Response and Relief Supplemental Appropriations Act, and the American Rescue Plan Act were signed into law. The third-quarter estimate for federal government receipts and expenditures was impacted by the response to the spread of COVID-19.

Receipts for 2021