Healthcare Spending: International Comparison
Healthcare expenditures in the U.S. are much higher than those of other developed countries.
https://www.pgpf.org/chart-archive/0170_international_health_spending_comparison
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Healthcare expenditures in the U.S. are much higher than those of other developed countries.
https://www.pgpf.org/chart-archive/0170_international_health_spending_comparison
The growing debt is caused by a structural mismatch between spending and revenues.
United States per capita healthcare spending is nearly three times the average of other developed countries.
Most federal revenues come from individual income and payroll taxes
Revenue from corporate income taxes has largely decreased since 1950.
https://www.pgpf.org/chart-archive/0303_corporate_tax_share_gdp
Unlike during other recessions, revenues from the capital gains tax have remained relatively steady throughout the COVID-19 pandemic.
https://www.pgpf.org/chart-archive/0317_capital_gains_revenues
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
https://www.pgpf.org/chart-archive/0304_corporate_tax_reduced_tcja
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.