Taxes articles

Read these reports to understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

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Economy
Who pays the most income tax?

Individual income taxes made up 49% of federal revenue in FY 2023.

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Economy
How many nonprofits are there in the US?

Nonprofits, specifically 501(c)(3) charities, play a substantial role in the US economy — from creating jobs to providing benefits to individuals and communities.

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Economy
How does beer production impact the American economy?

Despite pandemic challenges, US breweries — 98% of which have fewer than 100 employees — contribute more in tax revenue than wineries and employ tens of thousands of people.

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Economy
How much revenue do states make from marijuana taxes?

Cannabis taxes fund a wide range of public initiatives, from healthcare to law enforcement.

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Economy
What is the US credit rating, and what does its downgrade mean?

Fitch Ratings lowered the United States' credit rating to AA+ on August 1st, citing worries about the country's handling of its increasing debt.

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Economy
Where do people pay the most and least in property taxes?

Owning land, homes, or other buildings can be expensive — here’s where people are paying more of their income on them.

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Economy
Where do people pay the most and least in sales tax?

Hawaii and Washington lead the nation in how much sales tax they collect from residents.

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Economy
'Sin taxes' by state: Where do people pay the most and least in alcohol and tobacco taxes?

Across all 50 states and Washington, DC, the average annual revenue from alcohol taxes amounted to $21.67 per person in 2020.

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Economy
Is Social Security sustainable?

Social Security trust funds are projected to run out unless Congress changes the program’s structure soon.

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Economy
Which states have the highest and lowest income tax?

Forty-three states and Washington, DC, collect income taxes every year—and seven states collect no income tax. Here’s where you can expect to pay more, or less.

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