- Sep 19, 2011
- 28,469
- 10,047
- 900
Before ANYONE jumps to conclusions let me prove that everyone that works and gets FICA (The Federal Insurance Contributions Act (FICA) tax includes two separate taxes. One is social security tax and the other is Medicare tax. Different rates apply for each of these taxes. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.) pays into the general revenue of the USA.
Under the presidents budget request, total federal tax revenues in fiscal year 2015 are projected to be $3.3 trillion.
These revenues come from three major sources:
income taxes paid by individuals, accounting for 46 percent of all tax revenues;
payroll taxes paid jointly by workers and employers, accounting for 32 percent; and
corporate income taxes paid by businesses, making up 13 percent.
There are also a handful of other types of taxes like customs duties and excise taxes that make up much smaller portions of federal revenue. Customs duties are taxes on imports, paid by the importer, while excise taxes are taxes levied on specific goods, like gasoline.
This pie chart below shows how much each of these revenue sources is expected to bring in during fiscal year 2015.
46% or $1,518,000,000,000 ($1.518 trillion ) income Taxes paid by the 53% of Americans
32% or $1,056,000,000,000 ($1.056 trillion ) payroll taxes paid by all employees and matched by employers..
13% or $ 429,000,000,000 ($0.429 trillion ) corporate income taxes.
9% or $ 297,000,000,000 ($0.297 trillion ) gas taxes, duties, excise taxes..
https://www.nationalpriorities.org/budget-basics/federal-budget-101/revenues/
Now IF ALL OF US workers and employers are paying 32% of the gross revenue coming in to the Federal government shouldn't we be a little angry to find out that our government plans to spend $600 billion more then the revenue coming in?
NOW and for what??? After reading the below why aren't more of us really angry that some common sense in spending by our government including Congress that approves this spending is not happening???
The National Science Foundation is shelling out $202,000 to study Wikipedias systematic gender bias. The Washington Free Beacon reports: Feds to Dole Out Over $200K to Study Why Wikipedia is Sexist
Studying pig poop.
The Environmental Protection Agency awarded a $141,450 grant under the Clean Air Act to fund a Chinese study on swine manure and a $1.2 million grant to the United Nations for clean fuel promotion.
$27 per gallon fuel??
Using military exercises to boost biofuels. The U.S. Navy bought 450,000 gallons of biofuels for $12 millionor almost $27 per gallonto conduct exercises to showcase the fuel and bring it closer toward commercialization. It is the largest biofuel purchase ever made by the government.
Conferences for government employees. In 2008 and 2009 alone, the Department of Justice spent $121 million to host or participate in 1,832 conferences.
RoboSquirrel. $325,000 was spent on a robotic squirrel named RoboSquirrel. This National Science Foundation grant was used to create a realistic-looking robotic squirrel for the purpose of studying how a rattlesnake would react to it.
Cupcakes. In Washington, D.C., and elsewhere across the country, cupcake shops are trending.
The 10 cupcake shop owners who received $2 million in Small Business Administration loan guarantees, however, can only boast so much of their entrepreneurial ingenuity, since taxpayers are backing them up.
Food stamps for alcohol and junk food. Though they were intended to ensure hungry children received healthy meals, taxpayer-funded food stamps were instead spent on fast food at Taco Bell and Burger King; on non-nutritious foods such as candy, ice cream, and soft drinks; and on some 2,000 deceased persons in New York and Massachusetts. Food stamp recipients spent $2 billion on sugary drinks alone. Improper SNAP payments accounted for $2.5 billion in waste, including to one exotic dancer who was making $85,000 per year.
Beer brewing in New Hampshire. Despite Smuttynose brewerys financial success and popularity, it is still getting a $750,970 Community Development Block Grant to build a new brewery and restaurant facilities.
A covered bridge to nowhere. What list of government waste would be complete without a notorious bridge to nowhere? In this case, its $520,000 to fix the Stevenson Road Covered Bridge in Green County, Ohio, which was last used in 2003.
Under the presidents budget request, total federal tax revenues in fiscal year 2015 are projected to be $3.3 trillion.
These revenues come from three major sources:
income taxes paid by individuals, accounting for 46 percent of all tax revenues;
payroll taxes paid jointly by workers and employers, accounting for 32 percent; and
corporate income taxes paid by businesses, making up 13 percent.
There are also a handful of other types of taxes like customs duties and excise taxes that make up much smaller portions of federal revenue. Customs duties are taxes on imports, paid by the importer, while excise taxes are taxes levied on specific goods, like gasoline.
This pie chart below shows how much each of these revenue sources is expected to bring in during fiscal year 2015.
46% or $1,518,000,000,000 ($1.518 trillion ) income Taxes paid by the 53% of Americans
32% or $1,056,000,000,000 ($1.056 trillion ) payroll taxes paid by all employees and matched by employers..
13% or $ 429,000,000,000 ($0.429 trillion ) corporate income taxes.
9% or $ 297,000,000,000 ($0.297 trillion ) gas taxes, duties, excise taxes..
https://www.nationalpriorities.org/budget-basics/federal-budget-101/revenues/
Now IF ALL OF US workers and employers are paying 32% of the gross revenue coming in to the Federal government shouldn't we be a little angry to find out that our government plans to spend $600 billion more then the revenue coming in?
NOW and for what??? After reading the below why aren't more of us really angry that some common sense in spending by our government including Congress that approves this spending is not happening???
The National Science Foundation is shelling out $202,000 to study Wikipedias systematic gender bias. The Washington Free Beacon reports: Feds to Dole Out Over $200K to Study Why Wikipedia is Sexist
Studying pig poop.
The Environmental Protection Agency awarded a $141,450 grant under the Clean Air Act to fund a Chinese study on swine manure and a $1.2 million grant to the United Nations for clean fuel promotion.
$27 per gallon fuel??
Using military exercises to boost biofuels. The U.S. Navy bought 450,000 gallons of biofuels for $12 millionor almost $27 per gallonto conduct exercises to showcase the fuel and bring it closer toward commercialization. It is the largest biofuel purchase ever made by the government.
Conferences for government employees. In 2008 and 2009 alone, the Department of Justice spent $121 million to host or participate in 1,832 conferences.
RoboSquirrel. $325,000 was spent on a robotic squirrel named RoboSquirrel. This National Science Foundation grant was used to create a realistic-looking robotic squirrel for the purpose of studying how a rattlesnake would react to it.
Cupcakes. In Washington, D.C., and elsewhere across the country, cupcake shops are trending.
The 10 cupcake shop owners who received $2 million in Small Business Administration loan guarantees, however, can only boast so much of their entrepreneurial ingenuity, since taxpayers are backing them up.
Food stamps for alcohol and junk food. Though they were intended to ensure hungry children received healthy meals, taxpayer-funded food stamps were instead spent on fast food at Taco Bell and Burger King; on non-nutritious foods such as candy, ice cream, and soft drinks; and on some 2,000 deceased persons in New York and Massachusetts. Food stamp recipients spent $2 billion on sugary drinks alone. Improper SNAP payments accounted for $2.5 billion in waste, including to one exotic dancer who was making $85,000 per year.
Beer brewing in New Hampshire. Despite Smuttynose brewerys financial success and popularity, it is still getting a $750,970 Community Development Block Grant to build a new brewery and restaurant facilities.
A covered bridge to nowhere. What list of government waste would be complete without a notorious bridge to nowhere? In this case, its $520,000 to fix the Stevenson Road Covered Bridge in Green County, Ohio, which was last used in 2003.
