Funding the Military: Difference between revisions

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*$581 billion USA military budget in 2014 - https://en.wikipedia.org/wiki/Military_budget
*53% of Americacn tax money funds the military - about $1.3Trillion - [https://www.commondreams.org/views/2010/04/13/your-tax-dollars-war-more-53-your-tax-payment-goes-military]. Note: these figures are questionable, need more data.


=Other=
*Total taxes - federal, state, local - around $6.6 Trillion. Federal income tax is 2.6 trillion.
*Total taxes - federal, state, local - around $6.6 Trillion. Federal income tax is 2.6 trillion.
*US budget for 2018 - around $4 trillion - [https://en.wikipedia.org/wiki/2018_United_States_federal_budget]
*US budget for 2018 - around $4 trillion - [https://en.wikipedia.org/wiki/2018_United_States_federal_budget]
*'''If Federal Income Tax is $2.6T, where does the other $1.4T for the US budget come from?
*Government spends about $600B more than it has - [https://en.wikipedia.org/wiki/United_States_federal_budget#Overview]. This is the deficit. Who pays for it?
*$581 billion USA military budget in 2014 - https://en.wikipedia.org/wiki/Military_budget
*US Debt is about $20T, increasing $1T/year since 2007.
*53% of Americacn tax money funds the military - about $1.3Trillion - https://www.commondreams.org/views/2010/04/13/your-tax-dollars-war-more-53-your-tax-payment-goes-military

Revision as of 00:19, 8 February 2018

Other

  • Total taxes - federal, state, local - around $6.6 Trillion. Federal income tax is 2.6 trillion.
  • US budget for 2018 - around $4 trillion - [2]
  • Government spends about $600B more than it has - [3]. This is the deficit. Who pays for it?
  • US Debt is about $20T, increasing $1T/year since 2007.