Corporate Income Tax Revenue across G7 Countries
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
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As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
The top 1 percent of taxpayers generate 30 percent of individual income tax revenues.
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2024, charted out monthly and on a year-over-year basis.
As the coronavirus (COVID-19) pandemic took hold, economic activity slowed and tax revenues in most states began to decline.
https://www.pgpf.org/blog/2020/12/state-tax-revenues-took-a-hit-in-the-wake-of-the-pandemic
At $19 trillion and growing, the national debt is threatening to harm our economy. In just over a decade, interest on the debt will become our third largest federal program — crowding out investments in critical programs like education, infrastructure, and R&D. But there's still time to secure our future.
With the national debt at $26 trillion and counting, the nation’s fiscal health is a key issue for the 2020 campaign.
The Peter G. Peterson Foundation’s 2012 Fiscal Summit brought together leaders from government, policy, academia, and the media to address our long-term fiscal challenges, explore the potential for progress and reinforce the importance of building bipartisan consensus on solutions.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2012-fiscal-summit-americas-case-for-action
“Earlier this month, the Congressional Budget Office released new data showing that interest costs in 2024 will total a staggering $870 billion, a jump of 32 percent and more than $2 billion per day,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/02/fci-press-release