Trends in Income Growth, After Transfers and Taxes
Income growth since 1979 is larger for high-income earners, even when including transfers and taxes.
https://www.pgpf.org/chart-archive/0059_income-growth-disparity
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Income growth since 1979 is larger for high-income earners, even when including transfers and taxes.
https://www.pgpf.org/chart-archive/0059_income-growth-disparity
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
Waiting to act raises the cost of stabilizing the debt.
The United States spends more on defense than the next 9 countries combined.
The federal debt is on an unsustainable path
Spending for mandatory programs and net interest is projected to putpace all other non-interest spending.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
Spending on the major healthcare programs, Social Security, and interest will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0281_spending_to_climb_rapidly
The top 20 percent of income earners receive over half the value of major tax expenditures.
https://www.pgpf.org/Chart-Archive/0199_distribution_tax_expenditures
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.