Comparing U.S. Federal Spending With Revenue
Comparing U.S. Federal Spending with RevenueIn 2021, the U.S. government spent $6.8 trillion on various expenditures and government-aided programs. Where was this money spent, and how much was covered by taxpayers’ dollars? Q2 2022 hedge fund letters, conferences and more Money Comes and GoesIn 2021, U.S. government revenue totaled more than $4 trillion. About half of it came from individual income taxes, while about 30% came from Social Security and Medicare taxes. Here’s a full breakdown of revenue sources in 2021: Despite the trillions in revenue generated, like most years, U.S. federal spe...