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Thursday, October 17, 2024

Q3 2021 brings $611 million in miscellaneous tax revenue to North Dakota

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North Dakota collected $611 million in miscellaneous tax revenue during the third quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This is an increase of 9.9% compared to the previous quarter, when North Dakota collected $556 million in such taxes.

Overall, North Dakota collected $1.3 billion in combined tax revenues in the third quarter of 2021.

During 2023, the U.S. government collected a total of $4.44 trillion in revenue. Individual income taxes were the biggest contributor, generating $2.18 trillion—nearly half of all revenue collected. Payroll taxes came in second, adding around $1.6 trillion to revenue. The third largest source was corporate income taxes, generating $420 billion.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q3 2021 North Dakota Tax Collections

Type of TaxAmount (in millions of dollars)
Miscellaneous Taxes$611
Sales and Gross Receipts Taxes$488
Income Taxes$169
License Taxes$29

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