Federal excise tax revenues from tobacco products totaled $11.3 billion in 2022. As a share of total federal revenues, they have declined from averaging 2.4% in the 1950s to 0.3% in recent years.
June 26, 2023
Total tax revenue as a share of GDP in 2021 for the US was 26.6%, compared with the OECD's average of 34.1%. The US ranked 32nd out of 38 OECD nations.
June 19, 2023