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Saturday, February 29th, 2020

U.S. federal government budget 2018

Photo source: Wikimedia Commons, Architect of the Capitol

This post is the U.S. federal budget in 2018. Source: Congressional Budget Office

    Expenses ($4.1 trillion)

• Social Security: $982 billion
• Discretionary other: $639 billion*
• Defense: $623 billion
• Medicare (elderly): $582 billion
• Mandatory other: $570 billion**
• Medicaid (low income and disability): $389 billion
• Net interest: $325 billion

    Revenues ($3.3 trillion)

• Individual income taxes: $1.7 trillion
• Payroll taxes: $1.2 trillion
• Other taxes: $271 billion***
• Corporate income taxes: 205 billion

* includes transportation, education, vetrans' benefits, housing, assistance, etc.

** includes unemployment compensation, retirement, some benefits, etc.

*** includes excise taxes, estate taxes, customs duties, etc.

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