Across OECD countries in 2020, GDP per capita ranged from $15,700 in Colombia to $118,000 in Luxembourg. The United States ranked fourth, with $63,000.
January 30, 2023
Unemployment benefits follow the economy. Due to the COVID-19 pandemic, unemployment benefits as a share of total reported salaries and wages rose to 4.8%, significantly higher than in the prior 20 years.
January 23, 2023
The Foreign Tax Credit is claimed by those paying income taxes to a foreign country and subject to U.S. tax on the same income. In 2020, 6% of individual income tax returns claimed the credit, including over 61% of those with adjusted gross incomes over $1 million.
January 16, 2023