Penny Game -- Federal Government Income

Fiscal Year 2008

Income Category	$ Billions	% of Outlays
Individual Income Taxes	1,146	39
Social Insurance Tax and Contributions	900	30
Corporate Income Taxes	304	10
Other Taxes	174	6
Totals	2,524	85%
Deficit	455	<15>%

Source: Final Monthly Treasury Statement September 2008
* Percentage column numbers might be altered to allow total to equal 100%

"Other Taxes" includes excise taxes, estate and gift taxes, customs duties and other miscellaneous receipts.
Income figures are represented as a percentage of outlays. FY2008 income was 85% of outlays, which is another way of saying we had a 15% deficit. The federal government collected $2 trillion, 524 billion and borrowed $455 billion in the open market by selling U.S. Treasury securities.

This budget exercise was developed by the Concord Coalition.
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