Federal Revenue per Capita

Think of it this way

It is the household's paycheck: it rises over the years, but never enough to cover everything that is spent.

What is Federal Revenue per Capita?

Federal taxes per person, as a twelve-month average.

How to read Federal Revenue per Capita

It rises with the economy and with prices, but much more slowly than spending.

What Federal Revenue per Capita means for the market

It is the half of the deficit that moves least: increases in revenue rarely keep pace with spending.

Where the money flows

Money leaves the Treasury toward people —payrolls, pensions, healthcare, interest— and returns through taxes. This series divides those two streams by the number of inhabitants so they can be compared with a salary. What taxes do not cover is covered by issuing debt, so the gap between the two lines is exactly what the Treasury has to place on the market each month.

What to watch in Federal Revenue per Capita

Compare it with spending. On its own it says nothing.

What the government collects each month per inhabitant.