Financial Accounts of the United States - Z.1
F.228 Taxes Payable by Businesses
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; taxes payable; liability | FA893178005 | 14.1 | -27.6 | -71.3 | 3.8 | 21.5 | -32.2 | -166.6 | -99.2 | 13.0 | 1 |
| Nonfinancial corporate business; total taxes payable; liability | FA103178005 | 7.7 | -23.9 | 3.5 | -12.4 | 4.0 | 164.0 | -106.1 | -26.0 | -17.9 | 2 |
| Nonfinancial noncorporate business; taxes payable; liability | FA113178003 | 13.1 | 6.1 | 11.5 | 1.8 | 13.5 | 11.8 | 14.1 | 9.2 | 10.8 | 3 |
| U.S.-chartered depository institutions; total taxes payable (net); liability | FA763178000 | -11.2 | -8.9 | -73.7 | 9.9 | 7.5 | -206.2 | -59.2 | -72.8 | 43.3 | 4 |
| Property-casualty insurance companies; total taxes payable; liability | FA513178005 | 0.7 | -0.2 | -5.5 | -3.2 | 6.1 | 4.0 | -10.3 | -2.0 | -13.9 | 5 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 1.1 | -0.5 | -2.5 | -0.3 | 2.9 | -3.6 | -4.0 | 0.3 | -2.7 | 6 |
| Finance companies; total taxes payable; liability | FA613178005 | 0.1 | -0.3 | -1.2 | 3.5 | -4.3 | -0.7 | -2.1 | -6.9 | 4.7 | 7 |
| Security brokers and dealers; taxes payable; liability | FA663178003 | 3.0 | 0.5 | -2.9 | 4.4 | -8.2 | -1.5 | 2.2 | -0.9 | -11.4 | 8 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FA733178013 | -0.3 | -0.3 | -0.3 | 0.0 | 0.0 | 0.0 | -1.3 | 0.0 | 0.0 | 9 |
| All sectors; taxes receivable; asset | FA893078005 | 4.5 | -130.9 | -78.3 | -174.1 | -22.8 | 18.7 | -257.8 | -130.7 | 56.6 | 10 |
| Federal government; total taxes receivable; asset | FA313078000 | -12.2 | -137.2 | -88.5 | -178.9 | -39.7 | 10.8 | -268.3 | -142.4 | 45.8 | 11 |
| State and local governments; taxes receivable; asset | FA213078005 | 16.7 | 6.3 | 10.3 | 4.8 | 16.9 | 7.9 | 10.6 | 11.7 | 10.9 | 12 |
| Instrument discrepancies; taxes receivable | FA903078005 | 9.6 | 103.2 | 7.0 | 177.9 | 44.3 | -50.9 | 91.1 | 31.5 | -43.7 | 13 |
Last Update: March 9, 2023