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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.
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The Department of Homeland Security has estimated that, in 2011, about 11.5 million U.S. residents were in the country without legal authorization—about 3 million more than in 2000.
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In 2012, 27 percent of the foreign-born population between the ages of 25 and 64 had not completed high school, compared with 7 percent of the native-born population.
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In 2012, three states that account for more than one-fifth of the nation’s population—California, New York, and New Jersey—had a foreign-born population that, for each state, exceeded 20 percent of its total population.
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By 2010, nearly 40 million foreign-born people lived in the United States, constituting about 13 percent of the U.S. population.
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Over the past two decades, the number of children in federally subsidized foster care has steadily declined, while the number of children whose adoptive parents receive federal adoption assistance has increased.
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Spending for military retirement pay and survivors’ annuities will rise by more than 30 percent over the next decade, CBO projects.
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The number of people receiving benefits from the Supplemental Nutrition Assistance Program has risen sharply in recent years—from about 26 million in 2007 to nearly 47 million in 2012.