Would you like to know how much the typical household pays in taxes? Did you realize corporate income taxes doubled in just four years? Or that, even with the war, we spend less on defense than in the 1970s and ‘80s?
These and other spending and tax trends affecting ordinary Americans are tracked in the Heritage Foundation’s Federal Revenue and Spending: A Book of Charts, through a series of 36 revised and updated charts. Above all, the Book of Charts is directed towards anyone who is concerned with the mounting fiscal crisis and how it evolved over more than 40 years.
Among new features are sobering charts showing how:
The tax burden will reach new highs even if tax cuts, now set to expire, are extended.
(Chart P-6)
Defense spending droops below the historical average, despite the War on Terror. (Chart S-7)
Congress larded on an astonishing 34,616 pork projects over just three years – until slashing "earmarks" by 73 percent in the face of taxpayers’ ire. (Chart C-6)
Go to the Chartbook
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