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USA Budget details - FYI
by usa on Jul 03, 2008 05:45 PM

Estimated receipts for fiscal year 2007 were $2.4 trillion.

* $1.1 trillion - Individual income tax
* $884.1 billion - Social Security and other payroll taxes
* $260.6 billion - Corporate income tax
* $74.6 billion - Excise taxes
* $28.1 billion - Customs duties
* $23.7 billion - Estate and gift taxes
* $48.4 billion - Other

The IRS estimated that there were about $345 billion in uncollected taxes.

TOTAL SPENDING

The President's budget for 2007 totals $2.8 trillion. Percentages in parentheses indicate percentage change compared to 2006.
This budget request is broken down by the following expenditures:

* $699.0 billion ( 4.0%) - Defense
* $586.1 billion ( 7.0%) - Social Security
* $394.5 billion ( 12.4%) - Medicare
* $367.0 billion ( 2.0%) - Unemployment and welfare
* $276.4 billion ( 2.9%) - Medicaid and other health related
* $243.7 billion ( 13.4%) - Interest on debt
* $89.9 billion ( 1.3%) - Education and training
* $76.9 billion ( 8.1%) - Transportation
* $72.6 billion ( 5.8%) - Veterans' benefits
* $43.5 billion ( 9.2%) - Administration of justice
* $33.1 billion ( 5.7%) - Natural resources and environment
* $32.5 billion ( 15.4%) - Foreign affairs
* $27.0 billion ( 3.7%) - Agriculture
* $26.8 billion ( 28.7%) - Community and regional development
* $25.0 billion ( 4.0%) - Science and technology
* $23.5 billion ( 0.0%) - Energy
* $20.1 billion ( 11.4%) - General government


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http://specials.rediff.com/money/2008/jul/02sd1.htm