State and local governments collected $30.4 billion from net lottery revenue in FY 2021. Five states did not have state lotteries. Among states that did, lottery revenue per capita ranged from North Dakota's $16 to West Virginia's $287.
August 19, 2024
Corporate income tax revenues constituted 9% of total federal revenues in FY 2023, compared with around 50% from individual income tax revenues. Corporate income tax revenues last exceeded individual income tax revenues during World War II.
August 12, 2024
In tax year 2023, 31 states and DC offered a state-level earned income tax credit. Among the 29 states with refundable credits, 14 state EITCs were 20% or more of the federal EITC.
August 5, 2024