State and local governments generally levy different taxes. In FY 2021, states collected most sales tax and individual income tax revenue, whereas localities collected nearly all property tax revenue.
January 1, 2024
In 2020, manufacturing businesses represented 4% of total active C-corporation returns, but paid nearly 30% of income tax after credits.
December 25, 2023
In 2021, state and local governments collected $59 per capita from taxes on cigarettes and related tobacco products. In real dollars, that is down from a recent peak of $71 in 2009.
December 18, 2023
The ratio of total debt payments to total income of all families across the US was 9.9% in 2022, the lowest it has been in 30+ years.
December 11, 2023