Mercury Rising 鳯女

Politics, life, and other things that matter

A picture is worth 1000 words

Posted by Charles II on April 11, 2013

Via Ritholtz, the National Priorities Project shows the federal budget.

2012-Federal-Spending

It’s not a perfect picture. It’s misleading to have the military at 26.5% about three times the size of health care at 20%. It doesn’t show Social Security and it’s not clear that Medicare is included. It would also be valuable to have that 5.4% of “government” spelled out. I think it includes courts, prisons, education, highways, embassies, national parks, IRS, Congress, and much more, but it’s unclear from the NPP website. But with these flaws, it’s still a good starting point for understanding what the GOP “vision” for America is. If you want the exact figures, you can go here.

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3 Responses to “A picture is worth 1000 words”

  1. Note that it is “income taxes” – not the full federal budget. I believe that those of us receiving Social Security and eligible for Medicare (and our employers, I think) paid into that.

    • Charles II said

      Good point, John. It should be noted that, unlike Social Security, Medicare is not completely covered by payroll taxes. It is subsidized from the general fund. But payroll taxes cover most of the freight.

  2. Another thing to note: The share of taxes paid by businesses and corporations has gone down dramatically over the decades. In the 1940s and 1950s, corporations paid in more than individuals; the opposite is now true.

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