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The federal government finances its operations with taxes, fees, and other receipts collected from many different sectors of the economy.
A key assessment of poverty in America is the Official Poverty Measure (OPM), which is calculated by the United States Census Bureau using a range of income and economic data.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.
A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.