Distribution of Federal Spending and Taxes in 2006

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By Molly Dahl (au); Kevin Perese (au)
Year: 2013
Pages: 58
Binding Paperback
ISBN 978-1-4578-5189-6

Product Code: 145785189X

Description

This report analyzes the distribution of most federal spending and almost all federal revenues among U.S. households in 2006. In that calendar year (the most recent one for which relevant data were publicly available), the federal government spent $2.7 trillion on a wide range of goods and services and collected $2.4 trillion in taxes and other revenues to pay for them. About 88% of that spending and 98% of those revenues are allocated to households in this report. With the economy still recovering from the 2007äóñ2009 recession, federal spending was much higher in calendar year 2012 ($3.6 trillion) than it was in 2006. Some of the additional spending went to households affected by the recession, so the distribution of spending in 2012 probably differed from the distribution presented here. Although total revenues were similar in 2006 and 2012, the distribution of taxes also probably differed because of changes in tax laws and in the distribution of income. Figures and tables. This is a print on demand report.

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