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    US federal government revenue and spending [OC]
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    US federal government revenue and spending [OC]

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    21 Comments

    2. patrickjpatten on

      OECD avg tax to gdp is 34% Korea is like 30%. USA is 28%. Each percentage is about 700 billion dollars. 

      We can balance the budget tomorrow. 

    3. xxearvinxx on

      Nice to see education spending has increased in recent years, but it’s still abysmal.

    4. CurrencyUser on

      Accounting identity always sums to zero. All govt expenditures equal private savings. Federal debt is just private savings. People freak out thinking the federal government is parallel to their own budget constraints. It’s wrong. The government issues currency but we use it. Massive distinction. Also, government revenue is a misnomer. Many think the govt needs your money to spend. Where did the money come from? The govt

      Edit: guaranteed you can downvote more easily than explain monetary operations in the US 🙂

      If you’re going to respond. Read what I wrote. 2x. Slowly. The responses are irrelevant talking points.

    5. veryblanduser on

      Is Medicare/caid mostly in social spending? Because health seems far too low

    6. the_TIGEEER on

      I would really like to see Income tax split into bttom 99% 100%, bottom 0.9% of top 1% and top 0.1% of top 1%

    7. random20190826 on

      That interest will balloon out of control if the One Big Beautiful Bill Act passes in its current form. More deficit and debt results in higher interest costs given a constant interest rate. But at the same time, increased deficit spending causes investors to lose confidence in the government’s ability to repay the debt and they will sell bonds to increase yields, which means when those debts mature, the government must offer a higher coupon  to refinance the debt. That double whammy drives interest costs way up.

    8. enferpitou on

      This helps visualize why rising interest rates are not good. It probably exists already but I’d be super interested in seeing this chart back to like the 50s or even just with the housing crisis/recession

    11. Commercial-Tell-5991 on

      Is Social Security and Medicare in “other taxes”? I would think 2 x 6.2% (employee + employer) for the first $170k would be a bigger contributor. Though median US income is only $80k or so, so maybe not.

    13. stdoubtloud on

      The colours in the top half are a bit odd. It looks like there are just two categories and the second is 3d with a shadow.

    14. aspersioncast on

      These categories are flawed. “General government“ covers everything from the FBI to DOT to the state dept for some reason? “Social spending” is nonsensically broad. I can’t tell if there’s an agenda here or just a poor understanding of the “buckets”.

    16. octopus-opinion987 on

      Corporate taxes are woefully low thanks to all the tax loopholes and giveaways.

      Shouldn’t they be rising proportional to gdp?

    19. v3ritas1989 on

      The timerange skews the scope. E.g. the Military budget in 2023 was 776bn €. Sure it is supposed to compare the positive and negative but you are breaking it down into what? 24 bars a year?

    20. BWWFC on

      obviously the problem is too much education, social, health and not enough income tax.

    21. BKGPrints on

      The most crazy thing right now about federal spending is that we went from **paying $250 billion in interest per year in 2020** to over **$850 billion in interest per year by 2024**. Less than three to four years, it more than tripled.