Frequently Asked Questions

Guidelines for Citing BEA Information | ID: 550 | Created: May-27-2010

What is included in personal current taxes?

In the national income and product accounts (NIPAs), personal current taxes include tax payments on income (including realized net capital gains and net of refunds), tax payments on personal property, and payments for personal licenses by U.S. residents. Detailed estimates for personal current taxes are shown in NIPA tables 3.4 and 3.4U.

Personal current taxes do not include taxes that are payable on production activities or sales; these taxes, such as residential property taxes and sales taxes, are classified as taxes on production and imports and are shown in NIPA tables 3.5 and 3.5U. Taxes for social insurance programs, such as social security taxes and Medicare taxes, are not classified as personal current taxes; these types of taxes are classified as contributions for government social insurance, which are shown in NIPA tables 3.6 and 3.6U. Estate and gift taxes, which are classified as capital transfers, are shown in NIPA table 5.11 and 5.11U.

Ask us a question...

"What is included in personal current taxes? "
Your email address
Your question
What is 1 + 10? (Spam protection)

Double check that email address! | We won't be able to contact you if it is incorrect.

Why the math question? | This helps stop malicious programs from using this site to generate SPAM email.

Please allow us some time | It could take up to two(2) business days for our Subject Matter Experts to follow up with an appropriate answer to your question(s). Your patience is very much appreciated.

Need Help?

Using the FAQ database | All FAQs are displayed when first visiting the page. They are ordered by most recent or recently updated and can be filtered by keyword search term, by category, and by manually selecting the page number buttons. To view any FAQ, click on the title to open the answer. Submitting a question is done by selecting the “Ask a question” tab along the top of the FAQ.

Selecting an FAQ | Clicking on the title of the FAQ will bring up the answer to the FAQ. Navigating back to the list of FAQs is done by selecting the tab “Latest FAQs”. A tab to ask a question specifically about this FAQ can be found at the top of the answer. Also, the FAQ id and date this FAQ was created or last modified is shown in the upper right hand corner.

Searching the FAQs | Enter a keyword search term and click the Search button to narrow FAQ selections. To return to all FAQs, click the Clear button or clear the keyword search field and click the Search button.

Filtering FAQs by category | Chose the category to filter by and click Apply button. This will display only the FAQs related to an assigned category. To return to all FAQs click the Clear button next to the search by keyword field or select ALL from the drop down menu and click Apply button.