Tax Policy Center

Fiscal Facts

E.g., 09/01/2024
E.g., 09/01/2024
In 2016, 25 states and the District of Columbia had a state-level EITC and 23 of these set it at a fixed percentage of the federal EITC.

May 29, 2017

May 29, 2017
In 2017, state sales tax rates ranged from 2.9 percent in Colorado to 7.25 percent in California.

May 22, 2017

May 22, 2017
The IRS estimates that 86 percent of taxpayers filed their federal individual income tax returns electronically in 2016, up from 66 percent in 2009.

May 16, 2017

May 16, 2017
Alaska collected more than $15,000 per person in own-source revenue in 2014, more than twice the national average.

May 8, 2017

May 8, 2017
About 49% of state motor fuel tax receipts went to state-administered highways in 2014; 29% went to local roads and streets.

April 24, 2017

April 24, 2017
In 2014, around 70 percent of taxpayers faced marginal tax rates of 15 percent or lower.

April 17, 2017

April 17, 2017
In 1970 the original minimum tax collected $122 million from just 19,000 taxpayers; in 2016, 4.7 million taxpayers will pay AMT.

April 10, 2017

April 10, 2017
Half of all families had retirement accounts in 2013.

April 3, 2017

April 3, 2017
Estate tax returns filed in 2015 reported an average gross estate value exceeding $14 million.

March 27, 2017

March 27, 2017
By the end of FY 2015, gross federal debt totaled 102 percent of GDP–more than $18 trillion–close to the post-war high, which was set in 2014.

March 20, 2017

March 20, 2017
Between 1989 and 2013, the share of families owning stock climbed from one-third to one-half.

March 13, 2017

March 13, 2017
Between 2004 and 2013, the share of people under 35 who owned homes dropped from 42% to 35%.

March 6, 2017

March 6, 2017
Assets of active corporations have risen steadily since 1998, reaching $88 trillion in 2013.

February 27, 2017

February 27, 2017
41% of the 400 taxpayers with highest AGI incurred a marginal tax rate of 35% or more in 2012, down from more than 80% in 1995.

February 20, 2017

February 20, 2017
Motor Fuel Tax Receipts 2012
About 43% of state motor fuel tax receipts went to state-administered highways in 2012; 33% went to local roads and streets.

January 17, 2017

January 17, 2017