Categories
Economics

How much money is there in the world?

In 2017, the entire world produced about $127.8 trillion of wealth (GDP). 

Categories
Statistics

How much time do people spend consuming news?

The average American spends about 70 minutes per day consuming news.

Categories
Economics

What percent of economists support protectionist tariffs?

0% of economists expressed support for tariffs in a recent poll.

Categories
Government Spending

How much does the government spend per person?

The entire US Federal Budget alone is $4.4 trillion and the US population is 328,316,410. Dividing the US budget by the US population produces $13,401 in federal spending per American. $1.87 trillion in state spending produces $5,695 per person in state government spending. $1.99 trillion in local spending produces $6,061 per person in local government spending. Total […]

Categories
Taxes

How much does the average American pay in Taxes?

The average American pays $10,489 in “personal taxes,” representing 14% of the average household’s total income. This $10,489 includes: federal income taxes state income taxes personal property taxes vehicle taxes other small taxes However, the entire US Federal Budget alone is $4.4 trillion and the US population is 328,316,410.