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U S Census Bureau

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Census data: property taxes dominate state revenue in half of US states

New 2024 U.S. Census Bureau data shows property taxes are the largest combined state and local tax revenue source in 25 states, including Florida, Texas and New York, while general sales taxes lead in 16 states and individual income taxes top seven, including California. Washington draws nearly half its tax revenue from general sales and gross receipts taxes, and Delaware stands out for its reliance on license taxes.

US Census Bureau: Global Seniors Now Outnumber Young Children

A new U.S. Census Bureau report finds that people aged 65 and older now outnumber young children worldwide for the first time. The bureau projects the share of people 65 and up will nearly double from 10.5% in 2025 to 19.6% by 2060, driven largely by falling birth rates and longer lifespans. Global population is expected to grow from about 8 billion to 10 billion by 2060, with over half that growth coming from the elderly population.