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As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries
The federal government collects revenue from a variety of sources.
Six popular tax provisions accounted for a large majority of annual tax expenditures for individuals.
The United States spends more on defense than the next seven countries combined.
Compensation and medical care make up more than 40 percent of the defense budget.
Spending on foreign affairs accounts for slightly more than 1% of total federal spending.
Federal taxes and transfers can help reduce disparities in income.
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
Defense spending is projected to stay below its historical share of GDP.