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Bookmark or Share- Summary of the Latest Federal Income Tax Data, 2023 Update - Tax FoundationBecause the Office of Management and Budget (OMB) classifies the refundable part of tax credits as spending, the IRS does not include it in tax share figures. The result overstates the tax burden of the bottom half of taxpayers. Pandemic-Related Downturn and Relief Programs . The pandemic-related downturn and relief programs both affect the ...
- 2024 State Tax Data: Facts & Figures | Tax FoundationHow do taxes in your state compare regionally and nationally? Facts and Figures, a resource we’ve provided to U.S. taxpayers and legislators since 1941, serves as a one-stop state taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
- Summary of the Latest Federal Income Tax Data, 2024 Update - Tax FoundationIn 2021, tax relief in the form of expanded tax credits also affected average tax rates of middle- and lower-income taxpayers, though the IRS does not include the impact of the refundable portion of tax credits in its dataset. Average tax rates were lower in 2021 than in 2017 across all income groups.
- Global Tax Data - Tax FoundationTax Burden on Labor in the OECD Providing journalists, taxpayers, and policymakers with the latest data on taxes and spending is a cornerstone of the Tax Foundation’s educational mission. As a nonpartisan, educational organization, the Tax Foundation has earned a reputation for independence and credibility.
- State and Local Tax Burdens by State | Tax FoundationOur tax burden estimates look at the aggregate amount of state and local taxes paid, not the taxes paid by an individual. We collect data on the total income earned in a state (by all residents collectively) and estimate the share of that total that goes toward state and local taxes. Calendar Year 2022 Results: Tax Burden by State
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