The EITC primarily boosts the incomes of low-income working families with children. In 2020, nearly 80% of total EITC benefits went to tax filers with adjusted gross income under $30,000.
August 7, 2023
In the past 90 years, the top federal individual income tax rate has ranged from 7 percent to 94 percent. In 2023, the top rate is 37 percent.
July 31, 2023
In 2021, state and local governments collected $19.5 billion from tobacco taxes. In terms of revenue per capita, New Hampshire ($181), Rhode Island ($145), and Alaska ($138) collected the most.
July 24, 2023
In 2021, state and local governments spent $756 billion on elementary and secondary education. As a share of total state and local direct general expenditures, spending has ranged from 26% in 1977 to 21% in 2021.
July 17, 2023