The other day, I posted a graphic showing the evolution of U.S. federal government revenue. Last year, the feds took in a total of $3.2 trillion, mostly from income / social security taxes and corporate income tax. This figure, $3.2 trillion, represents the total amount...
Through most of its history, the federal government did not have the power to tax incomes. How was it funded before the income tax? Today’s national debt is big by historical standards, but it has been bigger. When was...
It’s clear that the U.S. economy is heavily concentrated in certain locations (the Northeast, California, Chicago) and less in others (the Heartland and Mountain regions), but what is the precise distribution? How much of the U.S. GDP comes from...