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The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
On average, Social Security benefits exceed Social Security taxes over an individual’s lifetime.
https://www.pgpf.org/Chart-Archive/0198_social_security_lifetime_benefits
Social Security provides social insurance by redistributing income from high earners to low earners.
https://www.pgpf.org/chart-archive/0244_social-security-income-redistribution
Most federal revenues come from individual income and payroll taxes
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
Setting a higher minimum wage would affect family incomes in a variety of ways, including increasing earnings for most low-wage workers and lifting some families out of poverty.
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
