U.S. GOV’T INCOME & SPENDING

Knowing more about the U.S. government budget – including income and spending – matters for at least two reasons. First, knowing more about the federal budget allows American taxpayers to better understand where their money goes, and reduces the risk of misguidance and manipulation at the hands of partisans and politicians on the left or right. Second, knowing more about the federal budget gives one a better sense of the reach and impact the U.S. government has, for better or worse.          

Knowing more about the U.S. government budget – including income and spending – matters for at least two reasons. First, knowing more about the federal budget allows American taxpayers to better understand where their money goes, and reduces the risk of misguidance and manipulation at the hands of partisans and politicians on the left or right. Second, knowing more about the federal budget gives one a better sense of the reach and impact the U.S. government has, for better or worse.

1. How much money does the U.S. government currently take in per year?

$455 billion

$794 billion

$3.5 trillion

$10.4 trillion

$21.8 trillion

2. What is single largest source of income for the U.S. government?

individual income taxes

corporate income taxes

Social Security payroll taxes

Medicare payroll taxes

estate/inheritance taxes

3. How much money does the U.S. government currently spend per year?

$455 billion

$898 billion

$3.8 trillion

$12.3 trillion

$23.6 trillion

4. What does the U.S. government spend the most money on?

defense/military

welfare for the poor

Social Security

Medicaid and Medicare

aid to foreign nations

5. How much is the federal debt currently?

$341 billion

$894 billion

$3.2 trillion

$13.5 trillion

$24.9 trillion

 Loading...