Fiscal Facts | Tax Policy Center

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In 2017, workers owe no Social Security tax on earnings above $127,200, up from $3,000 in 1950.

June 26, 2017

In 2017, taxpayers with 3 or more children can receive a maximum EITC of $6,318. Maximum EITC for those without children is $510.

June 19, 2017

In 2017, state taxes on a pack of cigarettes range from 17 cents in Missouri to $4.35 in New York. Median tax: $1.53.

June 12, 2017

State and local taxes averaged 10.1% of residents’ personal income in 2014. N. Dakota raised the most due to oil and gas extraction taxes.

June 5, 2017

In 2016, 25 states and the District of Columbia had a state-level EITC and 23 of these set it at a fixed percentage of the federal EITC.

May 29, 2017

In 2017, state sales tax rates ranged from 2.9 percent in Colorado to 7.25 percent in California.

May 22, 2017

The IRS estimates that 86 percent of taxpayers filed their federal individual income tax returns electronically in 2016, up from 66 percent in 2009.

May 16, 2017

Alaska collected more than $15,000 per person in own-source revenue in 2014, more than twice the national average.

May 8, 2017

About 49% of state motor fuel tax receipts went to state-administered highways in 2014; 29% went to local roads and streets.

April 24, 2017

In 2014, around 70 percent of taxpayers faced marginal tax rates of 15 percent or lower.

April 17, 2017

In 1970 the original minimum tax collected $122 million from just 19,000 taxpayers; in 2016, 4.7 million taxpayers will pay AMT.

April 10, 2017

Half of all families had retirement accounts in 2013.

April 3, 2017

Estate tax returns filed in 2015 reported an average gross estate value exceeding $14 million.

March 27, 2017

By the end of FY 2015, gross federal debt totaled 102 percent of GDP–more than $18 trillion–close to the post-war high, which was set in 2014.

March 20, 2017

Between 1989 and 2013, the share of families owning stock climbed from one-third to one-half.

March 13, 2017