Spending of 2009 US Tax Dollars Counterpoint

I recently read an interesting article “So Here’s What Your Tax Dollars Buy”, by Brian Riedl. In particular, the statement “Washington will spend $33,880 per household in 2009…nearly $8000 more than last year.” A research of the approximate number of US households was estimated to be 112,900 for 2009. That calculates to 3.825 trillion dollars spent; a lot of money, so-what. But spending $33,880 dollars per household registers with me as a lot of money.

I decided to look at some facts that resulted in the following (a lot of numbers):

Estimate Estimate Article
Year 2006 2007 2008 2009 2010 2009

 

 

 

 

 

 

US Budget Tot ($B) 2700 2800 2900 3100 3550 3825
Soc Sec/Medicare (%) 42.9 43.8 41.5 41.1 40.5 27.8
Int on Debt (%) 7.8 8.7 9 8.4 4.6 3.6
Defense (%) 19 19.6 16.6 16.6 18.6 17.3
Health (%) 2.4 2.3 2.2 2.1
Transportation (%) 2.6 2.8 0.4 0.4 2 1.6
Vets Benefits (%) 2.5 2.6 1.4 1.4 1.5 2.4
Education (%) 3.3 3.2 1.9 1.9 1.3 1.2
Justice (%) 1.1 1.6 0.7 0.7 0.7 1.3
Fed Ret. Benefits (%) 2.9
Unemploy Befits (%) 2.7
Financial Bailout (%) 18.7
Anti-poverty (%) 14
All Other (%) 20.8 16.7 22.8 27.2 28.6 4.4
Financial Bailout ($B) 787 746
Anti-poverty ($GDP) 3 3 3 3 4 4
Tot Tax Recepts (%) 81.5 85.7 91.7 87.1 67.1 54
Tot Tax Receipts ($B) 2200 2400 2660 2700 2381 2063
Indiv Income Tax (%) 44 45.8 47 44.8 44.6
Soc Security Tax (%) 37.2 36.2 34.9 35.2 39.8
Corpaorate Tax (%) 10 15.4 11.8 12.6 9.3
Excise Tax (%) 3.4 2.7 2.6 2.6 3.2
Estate & Gift Tax (%) 1.2 1.1 1 1 0.8
Custom Duties (%) 1.3 1.1 1.1 1.1 1
Other (%) 2.9 2 1.9 1.8 1.5
Social Security (%) 20.2 19.9 21 20.8 19.5
Medicare (%) 12.8 14.1 13.3 13.2 12.8
Medicaid (%) 9.9 9.9 7.2 7.2 8.2

What is tabulated is the US total budget dollars for the years 2006-to-2010 with a listing of the category where spent, as given in the article by Riedl. The last column compares the article with the US government facts. The facts came from:

2006 United States Federal Budget

2007 United States Federal Budget

2008 United States Federal Budget

2009 United States Federal Budget

2010 United States Federal Budget

Items to notice:

The financial cost of the Iraq and Afghanistan war are not part of the defense budget.

The financial bailout and anti-poverty funding are separate funding.

The Total Tax Receipts have been shown broken out to show our total taxes.

The Social Security, Medicare, and Medicaid funding has been broken out for each fund.

The Total Tax Receipts are given as billion dollars and as per-cent US budget.

It’s difficult to get a good uniform listing of actual US Tax dollar spending by category.

80% to 85% of US Taxes come from individual’s (Income and Social security) taxes.

The percentage corporate taxes doesn’t appear to be going up.

It is concluded that the detailed numbers given by the article tax dollar categories are suspect (not much), however the $33,880 spent per household may be conservative. Can you believe it?

Reference other info:

United States Federal Budget-wikipedia

2008 US Federal Budget-Kevin Colby news

USA Spending 2009

Projection of number of US Households

 

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