State motor-fuel tax receipts are used to maintain state-administered highways, mass transit, local roads and streets. From 2005 to 2015, aggregate receipts were nearly flat in inflation-adjusted terms, while the share for mass transit projects grew from 4.3% to 12.3%.
August 13, 2018
In 2015, about 872,500 returns (0.6% of all individual income tax returns) were filed by nonresident taxpayers with US-source income and self-employed residents of American territories who pay Social Security taxes. Twenty years earlier, there were 407,200 (0.35% of all returns).
August 6, 2018
About 22% of all returns, and over 70% of returns with AGI over $200,000 claimed the Mortgage Interest Deduction in 2015. These shares will drop, especially for middle-income households, since the new tax law substantially increases the standard deduction.
July 30, 2018
Federal Budget and Economy: Journal ArticleJuly 30, 2018Alan J. AuerbachWilliam G. GaleAaron Krupkin