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 taxfoundation.org
2017 Tax Law Revenue Analysis: Tax Cuts and Jobs Act (TCJA)
| | www.gao.gov
Larger Federal Deficits & Higher Interests Rates Point to the Need for Urgent Action | U.S. GAO
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| | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic.
| | fiscaldata.treasury.gov
Government Revenue | U.S. Treasury Fiscal Data
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| | Learn how much the U.S. government collects in revenue, and what types of revenue it brings in.
| | www.nationalpriorities.org
Federal Revenue: Where Does the Money Come From
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| | The federal government raises trillions of dollars in tax revenue each year, though there are many different kinds of taxes. Some taxes fund specific government programs, while other taxes fund the government in general.
| | www.hourly.io
How Do I Do Payroll as Self-Employed? - Hourly, Inc.
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| Are you a self-employed sole proprietor or independent contractor? Learn how to pay payroll as a self-employed individual to avoid tax penalties.