2016 Federal Spending
Personal Income Tax $1.7 Trillion
Payroll Taxes $1.2 Trillion
Corporate Taxes $233 Billion
Tax Revenue $3.4 Trillion
Government Spending $4.4 Trillion
Budget Deficit $1 Trillion
Interest of the debt $366 Billion
Defense Budget $637 Billion
Federal Prisons $284 Billion
Medicare and Medicaid $1.1 Trillion
Social Security $1 Trillion
Social Security Disability $296 Billion
Corporate Tax Breaks and Subsidies in $1 Trillion
The Federal government has assets worth over $152 Trillion
The government gave corporations over $1.2 trillion dollars in tax breaks and subsidies and had to borrow the money in order to give it away..
In 2015 the Federal Budget was 3.8 trillion dollars. The government spent 1.1 trillion dollars on discretionary spending including 550 billion dollars on defense.
Mandatory spending for social security, medicare and social welfare program received approximately 3 trillion dollars. The government had to borrow to cover the budget deficit.
Replies