Texas and the national debt

Federal money in and out of Texas

In fiscal year 2025 the IRS collected $479.52 billion in Texas — $15,122 per resident, 3% below the national average. That ranks 18th highest of the 50 states and DC.

Federal grants to Texas — Medicaid, highways, education and hundreds of smaller programs, mostly paid to the state and local governments — came to $67.06 billion in fiscal year 2025. That is $2,115 per resident, 40% below the national average — 51st highest of the 50 states and DC.

Total federal contract and payment obligations are not compared by state: USAspending records large Medicare payments where the claims contractor or insurer is based. In fiscal year 2025 that placed about $90 billion of health spending on North Dakota, home of a major Medicare contractor. Grants are recorded with the state and local bodies that receive them, so they are the comparable figure.

Taxes and grants are not subtracted here either: taxes are counted where they are filed, often at a company’s headquarters. For an adjusted state balance of payments, see the Rockefeller Institute of Government.

In total that is $60,020 per adult with a credit record, 5% below the US figure of $63,200 — 24th highest of the 50 states and DC. 14.2% of credit card balances were 90 or more days late, against 12.4% nationally.

Texas’s economy

Texas produced $2.90 trillion of goods and services in 2025, 9.4% of US GDP. Per resident that is $91,594, 14th highest of the 50 states and DC. Measured by economic weight rather than headcount, its share of the national debt would be $3.78 trillion.

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