Upstream Pressure

The Import Tax

Federal customs-duty receipts as a share of aggregate disposable personal income

What is the current The Import Tax?

CUSTOMS DUTIES / DISPOSABLE INCOME
1.16%
of aggregate disposable personal income received as federal customs duties in 2025
One year ago
0.38%
up 0.8 points since 2024

Federal customs duties were 1.2% of aggregate U.S. disposable personal income in 2025. The ratio divides the BEA annual customs-duties total by BEA annual disposable personal income. It is not a monthly import-price index, a modeled price-level effect, or an estimate of the cost borne by an average household. Source: Computed from U.S. Bureau of Economic Analysis federal customs duties and NIPA disposable personal income via FRED.

Federal customs duties equaled 1.2% of aggregate disposable personal income in 2025, 3.0× the prior annual share.

This series divides annual federal customs duties by annual U.S. disposable personal income. Both inputs are Bureau of Economic Analysis National Income and Product Accounts series, published in billions of dollars and distributed through FRED.

The ratio stayed below one percent throughout 2015–2024. In 2025, it rose to 1.2%. That describes the scale of federal customs-duty collections relative to the aggregate personal-income base.

The ratio is not a household-incidence estimate. It does not determine how tariff costs are split among importers, producers, retailers, and consumers, and it is not a consumer price index or a modeled price-level effect.

Read this fiscal ratio alongside CPI Inflation, The Coverage Tax, and The Grocery Gap as separate cost-pressure measures. None of those series identifies tariff pass-through by itself.

Source: Computed from U.S. Bureau of Economic Analysis federal customs duties and NIPA disposable personal income via FRED via FRED (B235RC1A027NBEA) + FRED (A067RC1A027NBEA) · Latest: 2025

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How has The Import Tax changed over time?

CSV Chart Card
Customs duties rose to 3.0× the prior year's share of aggregate income
Annual federal customs duties divided by annual disposable personal income
The Import Tax
Historical data
Annual · Computed from U.S. Bureau of Economic Analysis federal customs duties and NIPA disposable personal income via FRED
Period Value YoY Change
2025 1.16% +0.8 pts
2024 0.38% −0.0 pts
2023 0.39% −0.1 pts
2022 0.54% +0.1 pts
2021 0.47% +0.1 pts
2020 0.39% −0.1 pts
2019 0.48% +0.1 pts
2018 0.34% +0.1 pts
2017 0.26% −0.0 pts
2016 0.27% −0.0 pts
2015 0.28%

Frequently Asked Questions

What is The Import Tax?

The Import Tax reports federal customs-duty receipts as a share of aggregate disposable personal income. The ratio is 1.2% in 2025; it does not estimate household incidence or monthly import-price inflation.

What does this ratio show?

It shows the scale of federal customs-duty collections relative to the aggregate disposable-income base. It does not show who ultimately bears those costs; answering that requires separate evidence about price pass-through, substitution, and household spending.

Where does this data come from?

Source: Computed from U.S. Bureau of Economic Analysis federal customs duties and NIPA disposable personal income via FRED. For each year, the published value is federal customs duties divided by disposable personal income, with both BEA inputs expressed in billions of dollars.

Ross Kilburn
Written by

Ross Kilburn, Founder

American Default Research · Seattle, Washington

Two decades working directly with financially distressed American households — from property preservation in 2003, to negotiating over 1,000 short sales during the Great Recession, to foreclosure defense marketing today. Author, The Ark Law Group Complete Guide to Short Sales (Auroch Press, 2013). Twice named to Puget Sound Business Journal Fast 50 for Ark Law Group. B.A., University of California, Berkeley, 1992. Founded American Default Research in 2026 to fill a gap in public data that had been empty since 2013.

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Why does The Import Tax matter?

The Import Tax is one of 98 live indicators tracked by American Default Research. The methodology page explains sources, update cadence, and how the index uses its published inputs.
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