Go to Spending
Fiscal Year 2012
|Income Category||$ Billions||% of Outlays|
|Individual Income Taxes||1132||32|
|Social Security and Medicare Taxes and Contributions||845||24|
|Corporate Income Taxes||242||7|
Source: Final Monthly Treasury Statement September 2012
* 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. FY2012 income was 69% of outlays, which is another way of saying we had a 31% deficit. The federal government collected $2 trillion, 449 billion and borrowed $1,089 trillion in the open market by selling U.S. Treasury securities.
This budget exercise was developed by the Concord Coalition.
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