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The federal deficit in 2015 was $439 billion, equal to 2.5 percent of gross domestic product.
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Businesses have become increasingly likely to choose the organizational structure that offers more favorable tax treatment. As a result, revenues are lower than they would otherwise be, but incentives for investment are probably greater.
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This slide deck provides a quick overview of CBO's economic forecast published in An Update to the Budget and Economic Outlook: 2014 to 2024.
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This infographic is part of a set of four being released today about the federal budget.
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This infographic is part of a set of four being released today about the federal budget.
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This infographic is part of a set of four being released today about the federal budget.
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This infographic is part of a set of four about the federal budget. See how much the government spent and took in during 2013 as well as other information about the budget, deficits, and debt.
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Since 2008, corporate income tax receipts have been smaller, relative to the size of the economy, than their historical average of 1.9 percent of GDP—largely because the recent recession substantially reduced taxable corporate profits.
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In 2013, 37 percent of low- and moderate-income taxpayers who have earnings face total marginal tax rates between 30 percent and 39 percent, and over 20 percent of that group face marginal rates of 40 percent or more.
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Since 1994, the unemployment rate for foreign-born workers has generally increased when the unemployment rate for native-born workers has increased and decreased when the rate for native-born workers has decreased.