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During FY2017, the federal government collected approximately $3.32 trillion in tax revenue, up $48 billion or 1.5% versus FY2016. Primary receipt categories included individual income taxes ($1,587B or 48% of total receipts), Social Security/Social Insurance taxes ($1,162B or 35%), and corporate taxes ($297B or 9%).
US Government Manual, official freely downloadable PDFs of annual printed versions. Federal Agency Directory, online database maintained by the Louisiana State University Libraries in partnership with the Federal Depository Library Program of the GPO; A–Z Index of US Departments and Agencies, USA.gov, the US government's official web portal ...
Because of the size of the government workforce, the effects of a shutdown can be seen in macroeconomic data. During the 2013 shutdown, for example, 800,000 employees were locked out, payment was delayed to 1.3 million workers, [14] confidence in the job market decreased for a month, [15] [16] and GDP growth slowed 0.1–0.2%. [14]
And like Trump, she’s promised to end taxes on tips. She’s also pledged not to raise taxes on households making less than $400,000 annually. Both would growon the deficit. Taken together, the ...
The United States federal budget for fiscal year 2022 ran from October 1, 2021, to September 30, 2022. The government was initially funded through a series of four temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2022.
And the most recent projection puts 2025's raise at 2.5%. That's not the best news. Not only is a 2.5% raise pretty mild to begin with, but it's also the smallest COLA to arrive since 2021. In ...
Newsom's plan to close the deficit relies on $17.3 billion in savings from budget cuts he and lawmakers agreed to in April and using $4.2 billion from the state's rainy day fund and budget ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]