Among OECD countries in 2022, consumption tax revenue (federal, state, and local levels) as a share of total tax revenue ranged from 16% in the United States to 50% in Hungary.
June 3, 2024
Income from capital gains made up about 14% of aggregate adjusted gross income (AGI) in 2021, but this varied by income level. For those with AGI over $1 million, capital gains accounted for 42% of their income.
May 27, 2024
The state-level hourly minimum wage for most non-tipped employees is equal to the federal rate of $7.25 in 20 states. New York ($16), California ($16), Washington ($16.28), and the District of Columbia ($17) have the highest minimum wages, as of January 2024.
May 20, 2024