Financial Accounts of the United States - Z.1
F.231 Taxes Payable by Businesses
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; taxes payable; liability | FA893178005 | 8.6 | -3.7 | -48.9 | 5.6 | 124.4 | -169.4 | 8.4 | 58.9 | 45.4 | 1 |
| Nonfinancial corporate business; total taxes payable; liability | FA103178005 | 7.7 | -25.5 | 15.8 | -29.9 | 83.5 | -158.7 | 3.1 | -47.6 | 57.2 | 2 |
| Nonfinancial noncorporate business; taxes payable; liability | FA113178003 | 7.6 | 32.3 | 11.5 | 6 | 6.8 | 11.1 | 4.5 | 1.5 | 6.8 | 3 |
| U.S.-chartered depository institutions; total taxes payable (net); liability | FA763178000 | -11.2 | -8.9 | -73.8 | 26.4 | 30.6 | -12.8 | -6.8 | 94.7 | -40.3 | 4 |
| Property-casualty insurance companies; total taxes payable; liability | FA513178005 | 0.7 | -0.2 | 0.2 | 0.5 | 0.6 | -6.2 | 0.8 | 6.8 | 16 | 5 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 1.1 | -0.5 | -1.1 | 1.1 | 1.9 | -3.3 | 3.6 | 2.3 | 2.3 | 6 |
| Finance companies; total taxes payable; liability | FA613178005 | 0.1 | -1 | 1.9 | 1.9 | -1.2 | 0.4 | 2.2 | 6.3 | -0.7 | 7 |
| Security brokers and dealers; taxes payable; liability | FA663178003 | 3 | 0.5 | -2.9 | 0.1 | 2 | 2.6 | 1 | -5.2 | 4.1 | 8 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FA733178013 | -0.3 | -0.3 | -0.3 | -0.6 | 0 | -2.5 | 0 | 0 | 0 | 9 |
| All sectors; taxes receivable; asset | FA893078005 | 17 | -101.9 | -64.1 | -32.3 | 57.5 | -147.9 | 10.3 | -49 | 103.9 | 10 |
| Federal government; total taxes receivable; asset | FA313078000 | 7.6 | -131.3 | -75.5 | -38.2 | 55.2 | -155.1 | 1.9 | -55 | 102.2 | 11 |
| State and local governments; taxes receivable; asset | FA213078005 | 9.4 | 29.4 | 11.5 | 6 | 2.3 | 7.1 | 8.4 | 6.1 | 1.7 | 12 |
| Instrument discrepancies; taxes receivable | FA903078005 | -8.4 | 98.2 | 15.2 | 37.8 | 66.9 | -21.5 | -1.9 | 107.8 | -58.6 | 13 |
Last Update: June 7, 2024