Economy
State of the Union 2023: Data and context behind Biden’s address tonight
Whether it's a new release of government data or news stories that need historic metrics for context, find articles that dive deep into the issues here. The Census Bureau, the Bureau of Labor Statistics, the Congressional Budget Office, and more: USAFacts is here to provide bias-free context and visuals to help Americans understand the numbers behind the news. USAFacts is always digging into data on employment in America, why people immigrate to the US, how much Congress is spending, and more, so check back often for new reports.
Individual income taxes accounted for more than half of total revenues for the federal government in 2022.
Corporations reduce their tax liability through a variety of ways, such as accelerated depreciation and profit shifting.
The Joint Committee on Taxation estimated that about 150 corporations would be subject to a new minimum corporate tax each year.
About two-thirds of individual capital gains subject to tax are from selling corporate stock; the remainder is from property sales.
The Inflation Reduction Act would double the number of employees and expand the auditing capacity of the IRS.
The Inflation Reduction Act expands eligibility for federal tax credits for electric vehicle owners.
Congress passed reconciliation bills for 77% of budget resolutions since 1981.
Twenty-estates do not charge sales tax on menstrual products.
Tax bills in the US are lower now than in 1988 for all but the top 1% of income earners.
US debt outstanding was at $30.3 trillion at the start of April 2022.
