The highest U.S. tariffs aren't on imports from its biggest trading partners, but on products from several developing South Asian nations whose exports are heavily weighted toward clothing, footwear and other products that the U.S. generally taxes highly.
Average tariff rates, while useful for comparison, can obscure the wide range of rates imposed on different classes of imports and on specific products.
A month after Donald Trump and Congress passed the Tax Cuts and Jobs Act, the public has mixed views of the sweeping tax overhaul and its long-term impact.
A look back at the events that defined 2017 and what public opinion can tell us about the important trends shaping American society.
Tax burdens in the U.S. are lower than most of its developed-nation peers – in some cases, well below.
Taxpayers with incomes of $200,000 or more paid well over half (58.8%) of federal income taxes, though they accounted for only 4.5% of all returns filed (6.8% of all taxable returns). By contrast, taxpayers with incomes below $30,000 filed nearly 44% of all returns but paid just 1.4% of all federal income tax.
As the congressional debate over Trump's tax overhaul begins, more Americans say tax rates on corporations and higher-income households should be raised rather than lowered.
A majority of Americans now view the federal tax system as unfair, including similar shares of Republicans and Democrats. But partisans differ in their concerns about the tax system.
Married Americans continue to earn most of the nation’s income and pay the vast majority of income taxes.
From Social Security to national parks, a look at long-range trends in federal outlays relative to the U.S. economy