In fiscal year 2020, state governments across the United States raised $59 billion, or about 6% of total state-level tax revenue, from license taxes. Most of this revenue was from motor vehicle licenses and occupational and business licenses.
February 28, 2022
Federal Budget and Economy: Virtual EventFebruary 24, 2022
: Research reportFebruary 23, 2022William G. GaleSwati JoshiChristopher PulliamJohn Sabelhaus
The federal government's Social Security spending totaled $1 trillion in 2020, or 5% of GDP. Sixty years ago, Social Security spending was about 2.3% of GDP.
February 21, 2022