In FY 2021, state and local governments spent a combined $135 billion on police, which was 3.7% of total direct general expenditures. Nevada (5.6%) and Florida (5.5%) spent the largest share of their combined budgets, while Wyoming (2.2%) spent the smallest share.
January 8, 2024
State and local governments generally levy different taxes. In FY 2021, states collected most sales tax and individual income tax revenue, whereas localities collected nearly all property tax revenue.
January 1, 2024
In 2020, manufacturing businesses represented 4% of total active C-corporation returns, but paid nearly 30% of income tax after credits.
December 25, 2023