Surplus or Debt?

California & New York: Do these states generate profit for each citizen?

What Percent of Your Income is Needed to Pay Your State's Bills?

5 states need over 60% of their citizens' average income to pay debts.  

Happy Birthday, IRS?

 "Before our national financial problems can be solved, our true financial condition associated with them must be accurately reported”

US Published National Debt

$17,599,556,606,442.00

The Truth

$81,785,460,700,385.00

Your Share: $257,800

State Data Lab
FROM STATE DATA LAB

Surplus or Debt?

California & New York: Do these states generate profit for each citizen?

 

Research

  • State Financial Data

    Each year the Truth in Accounting staff collects data from every state's Comprehensive Annual Financial Report.

     
  • Each Taxpayer's Burden

    Find how much you would have to pay to cover your state's bills.  To determine your "Taxpayer Burden" Truth in Accounting calculated the money needed to pay your state's bills, including pensions.

     
  • The Municipal Debt Crisis

    A thorough study of 518 taxing entities in Cook County, including Chicago.  This June 2013 report was coauthored by John Nothdurft, the Heartland Institute, and Sheila Weinberg, CEO of TIA.

     

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