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As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries
The majority of SNAP beneficiaries are people from vulnerable populations.
SNAP benefits supplement household incomes to help lift people out of poverty.
The composition of federal revenues has been relatively constant since the mid-1970s.
Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.
The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
The top 1 percent of taxpayers generate 26 percent of individual income tax revenues.
The federal government collects revenue from a variety of sources.