Siete
Platinum Member
- May 19, 2014
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Spending in FY2015's $3.81 trillion budget Federal revenue sources
Non-discretionary spending:
$897 billion (23%) Social Security payments
$860 billion (23%) Medicare/Medicaid/SCHIP payments
$251 billion ( 7%) interest on the National Debt
$659 billion (17%) other ‘mandatory’ payments
Discretionary spending:
$606 billion (16%) national defense
$543 billion (14%) other ‘discretionary spending’
$1,498 billion (39%) individual income taxes
$1,055 billion (28%) social insurance (FICA/Medicare)
$ 412 billion (11%) corporate income taxes
$ 286 billion ( 7%) other taxes & duties
$ 565 billion (15%) budget deficit
Non-discretionary spending:
$897 billion (23%) Social Security payments
$860 billion (23%) Medicare/Medicaid/SCHIP payments
$251 billion ( 7%) interest on the National Debt
$659 billion (17%) other ‘mandatory’ payments
Discretionary spending:
$606 billion (16%) national defense
$543 billion (14%) other ‘discretionary spending’
$1,498 billion (39%) individual income taxes
$1,055 billion (28%) social insurance (FICA/Medicare)
$ 412 billion (11%) corporate income taxes
$ 286 billion ( 7%) other taxes & duties
$ 565 billion (15%) budget deficit