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That's true, but states collect a lot of tax revenue themselves. In 2022 they collected $3.66 trillion.[0] the federal government collected $4.97 trillion in th
by Aerroon 2y ago
That's true, but states collect a lot of tax revenue themselves. In 2022 they collected $3.66 trillion.[0] the federal government collected $4.97 trillion in the same timeframe.[1]
Also note (a few rows down the table)[2] that the US government spends more than it collects in taxes. In 2022 the expenditures added up to $9.64 trillion.
Sure, it's not 2%. It's 3.6% instead.
[0] https://www.federalreserve.gov/releases/z1/20240607/html/f107.htm https://www.federalreserve.gov/releases/z1/20240607/html/f10...
[1] https://www.federalreserve.gov/releases/z1/20240607/html/f106.htm https://www.federalreserve.gov/releases/z1/20240607/html/f10...
[2] https://www.federalreserve.gov/releases/z1/20240607/html/f105.htm https://www.federalreserve.gov/releases/z1/20240607/html/f10...