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As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
The federal government collects revenue from a variety of sources.
8 million people — roughly the population of Massachusetts — have student debt greater than $50,000.
The aging of the baby boom generation will boost the number of Americans age 65 and older.
The elderly population is growing rapidly and living longer.
The homeownership rate for young adult households has declined
Six popular tax provisions accounted for a large majority of annual tax expenditures for individuals.
Student debt rose to nearly $1.5 trillion in 2018.