Local property taxes comprised 72% of total local tax collections in FY 2020. Among states, this share ranged from around 40% in Alabama and Arkansas to 99% in Connecticut and Maine.
June 5, 2023
Federal payroll tax revenues were equivalent to 5.9% of GDP in 2022. After rising steadily for decades because of tax rate increases and base broadening, revenues leveled off in the 1990s, averaging 6.1% of GDP since then.
May 29, 2023