Go to Spending
Fiscal Year 2013
|Income Category||$ Billions||% of Outlays|
|Individual Income Taxes||1316||38|
|Social Security and Medicare Taxes and Contributions||948||27|
|Corporate Income Taxes||274||8|
Source: Final Monthly Treasury Statement September 2013
* Percentage column numbers might be altered to allow total to equal 100%
- "Other Taxes" includes excise taxes, estate and gift taxes, customs duties and other miscellaneous receipts.
- Income figures are represented as a percentage of outlays. FY2013 income was 80% of outlays, which is another way of saying we had a 20% deficit. The federal government collected $2 trillion, 774 billion and borrowed $680 billion on the open market by selling U.S. Treasury securities, to pay for $3 trillion, 454 billion in spending.
This budget exercise was developed by the Concord Coalition.
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