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Over the last four decades, federal grants to state and local governments have made up about 17 percent of their total revenues.
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
These charts tell the fiscal story of 2021 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help. Learn how the pandemic compounded our financial challenges in 13 charts.
https://www.pgpf.org/blog/2020/12/13-charts-that-tell-the-fiscal-story-of-2020
Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2023/11/income-and-wealth-in-the-united-states-an-overview-of-recent-data
Unlike the federal government, which currently records $30 trillion in debt, most state governments have balanced budget requirements (BBRs) for their operating budgets which only permit borrowing for certain capital projects.
A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.
https://www.pgpf.org/blog/2023/10/what-is-a-wealth-tax-and-should-the-united-states-have-one
There are three widely used measures of federal debt. What are the important differences between these measurements?
https://www.pgpf.org/blog/2024/04/how-much-is-the-national-debt-what-are-the-different-measures-used