Financial Accounts of the United States - Z.1
L.231 Taxes Payable by Businesses
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; taxes payable; liability | FL893178005 | 595.1 | 598.1 | 549.2 | 554.8 | 586.3 | 532.3 | 540.2 | 554.8 | 571.3 | 1 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 275.4 | 249.8 | 265.6 | 235.7 | 298.8 | 246.7 | 249.9 | 235.7 | 262 | 2 |
| Nonfinancial noncorporate business; taxes payable; liability | FL113178003 | 170 | 202.3 | 213.7 | 219.7 | 215.4 | 218.2 | 219.3 | 219.7 | 221.4 | 3 |
| U.S.-chartered depository institutions; total taxes payable (net); liability | FL763178000 | 113 | 104.1 | 30.3 | 56.7 | 31.6 | 29.2 | 30.8 | 56.7 | 39.8 | 4 |
| Property-casualty insurance companies; total taxes payable; liability | FL513178005 | 10.5 | 10.3 | 10.5 | 11 | 10.7 | 9.1 | 9.3 | 11 | 15 | 5 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 7.7 | 7.2 | 6 | 7.2 | 6.5 | 5.7 | 6.6 | 7.2 | 7.7 | 6 |
| Finance companies; total taxes payable; liability | FL613178005 | 9.2 | 14.9 | 16.7 | 18.7 | 16.4 | 16.5 | 17.1 | 18.7 | 18.5 | 7 |
| Security brokers and dealers; taxes payable; liability | FL663178003 | 6.3 | 6.8 | 3.9 | 4 | 4.4 | 5 | 5.3 | 4 | 5 | 8 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FL733178013 | 3.1 | 2.8 | 2.5 | 1.9 | 2.5 | 1.9 | 1.9 | 1.9 | 1.9 | 9 |
| All sectors; taxes receivable; asset | FL893078005 | 630.1 | 693.9 | 676 | 614.6 | 744.9 | 677.6 | 653.9 | 614.6 | 705.7 | 10 |
| Federal government; total taxes receivable; asset | FL313078000 | 442 | 476.5 | 447.1 | 379.7 | 514.4 | 444.2 | 419.4 | 379.7 | 469.2 | 11 |
| State and local governments; taxes receivable; asset | FL213078005 | 188.1 | 217.4 | 228.9 | 234.9 | 230.6 | 233.4 | 234.5 | 234.9 | 236.6 | 12 |
| Instrument discrepancies; taxes receivable | FL903078005 | -34.9 | -95.7 | -126.8 | -59.8 | -158.6 | -145.3 | -113.7 | -59.8 | -134.4 | 13 |
Last Update: June 7, 2024