State and local governments spent $143 per capita on parks and recreation in 2021. Spending has seen ups and downs in recent decades, and has generally grown from under $100 per capita in the 1970s and 1980s.
October 30, 2023
Residential energy credits tend to benefit higher income groups. In 2020, taxpayers with adjusted gross income (AGI) over $100,000 reported 48% of total AGI and claimed 54% of the credit amount, while those with AGI under $25,000 reported 5% of AGI and claimed 1% of the credit.
October 23, 2023
Itemizing, as opposed to claiming the standard deduction, is much more common among taxpayers with higher incomes. In 2020, 1% of taxpayers with incomes less than $25,000 itemized, compared with 72% of taxpayers with incomes over $1 million.
October 16, 2023