Am introducing this for the budget slot (just a copy of the FY2020 budget with the name changed) so we can have a thread for this and a single place where we can compile spending numbers for the year and sort them into the appropriate categories, compile revenue projections, etc. (according to statute the President was supposed to submit his own proposal by April 30, but that hasn't happened)
FEDERAL BUDGET: FY2021
Revenues:
Income Taxes: $ 1,735,038,900,000.00 ($ 1735.04 billion)
by tax bracket
0-13K 10% $ 132,602,630,929.00
13K-50k 15% $ 447,780,682,763.00
50K-130K 25% $ 535,512,271,234.00
130K-210K 29% $ 188,700,479,643.00
210K-413K 34% $ 220,320,135,498.00
413K-441K 36% $ 75,481,993,752.00
441K+ 40.6% $ 134,640,706,551.00
Corporate Taxes: $ 347,763,510,122.19 ($ 347.76 billion)
by tax bracket
0-100K 0% $ 0.00
100K-1M 15% $ 2,678,940,033.99
1M-10M 21.5% $ 5,172,280,041.70
10M+ 28% $ 339,912,290,046.51
Payroll Taxes - $ 1,325,575,422,184.86 ($ 1,325.58 billion)
breakdown
OASDI: 12.4% (6.2% on employees, 6.2% on employers) - $ 912,456,391,044.15
RRPH: 5.0% (2.5% on employees, 2.5% on employers) - $ 367,925,964,130.71
FUTA: 6.0% on first $7,000 - $ 45,193,067,010.00
Estate Tax: 45% of amount above $ 3.5 million, 50% above $ 10 million, 55% above $ 50 million
$ 34,500,000,000.00
Wealth Tax:
$ 62,566,000,000.00
Healthcare Taxes:
40% Cadillac Tax - $ 0.00 Billion
3.8% on Net Investment Income - $ 12.80 Billion
Excise Taxes/customs duties:
Carbon Tax (2018) - $ 16.35 Billion
Gasoline Tax (2018) - $ 50.00 Billion
Tobacco and Alcohol Taxes (2018) - $ 24.20 Billion
Excise taxes on health insurance providers,
pharmaceuticals, and medical devices (2018) - $ 9.90 Billion
Revenue Enhancement Act - $ 63,185,494,000.00
LIFO Repeal Offset… $ 13,000,000,000.00
Other Revenue: $ 30.209 Billion
Additional tax credits: $ -39.40 Billion
TOTAL Revenue: $ 3724.091 Billion
Spending:Military Spending ($504.358 Billion)
$123.58 Billion... Military personnel
$184.51 Billion... Operation and maintenance
$106.01 Billion... Procurement
$61.52 Billion ... Research, development, test and evaluation
$8.47 Billion..... Military Construction, Family Housing and Other
$12.148 Billion.... Atomic Energy Defense Activities
$8.11 Billion..... Defense Related activities
$0.00 Billion..... Fiscal Responsibility in our Military Act
$-15.25 Billion… F-35 Procurement Halt
Military Retirement ($144.0811 Billion)
$75.48 Billion.... Income security for veterans
$14.15 Billion.... Veterans education, training, and rehabilitation
$54.22 Billion.... Hospital and medical care for veterans and retired military (added in under Healthcare below)
$0.38 Billion..... Housing and other veterans benefits and services
$-0.1489 Billion…. VA Privatisation
International affairs ($31.94 Billion)
$18.88 Billion ... International development and humanitarian assistance
$8.55 Billion..... International military aid
$11.99 Billion.... Conduct of foreign affairs
$1.30 Billion..... Foreign information and exchange activities
$-8.79 Billion.... International Financial Programs
General science, space, and technology ($185.18 Billion)
$11.26 Billion.... National Science Foundation programs
$4.55 Billion..... Department of Energy general science programs
$169.37 Billion.... Space flight, research, and supporting activities
Non-Defense Energy Spending ($47.393 Billion)
$3.15 Billion..... Energy supply
$1.11 Billion..... Energy conservation and preparedness
$0.64 Billion..... Energy information, preparedness, & regulation
$10.00 Billion.... Energy Rebate and Subsidy Act
$32.50 Billion.... Gas Tax Act
$-0.007 Billion…. Eliminated Ethanol Blending Rules
Natural resources and environment ($34.58 Billion)
$4.89 Billion..... Water resources
$11.54 Billion.... Conservation and land management
$4.42 Billion..... Recreational & Park resources
$7.18 Billion..... Pollution control and abatement
$6.55 Billion..... Other natural resources
Agriculture ($19.532 Billion)
$16.01 Billion.... Farm income stabilization & crop insurance
$4.30 Billion..... Agricultural research and services
$0.03 Billion..... No More Going Hungry in Atlasia Act
$-0.8 Billion…. Eliminated marketing programs
$-0.008 Billion…. Eliminated Catfish Inspection Office
Commerce and Housing Loan Programs ($0.3864 Billion)
$-22.33 Billion... Federal Housing Loan Programs
$2.29 Billion..... Postal service
$2.50 Billion..... Deposit insurance
$10.20 Billion.... Universal service fund
$7.6964 Billion..... Other advancement of commerce
$-0.17 Billion…. Eliminated Capital Construction Grants
$0.20 Billion… Supporting Atlasian Entrepreneurs Act
Transportation ($92.3914 Billion)
$67.40 Billion.... Ground Transportation
$16.20 Billion.... Air Transportation
$8.4015 Billion..... Water transportation
$0.38 Billion..... Other transportation
Community and regional development ($33.425 Billion)
$3.78 Billion..... Community development
$2.19 Billion..... Area and regional development
$4.02 Billion..... Disaster relief and insurance
$2.23 Billion..... Homeless Shelter Emergency Housing
$4.32 Billion..... Small Business Association
$0.77 Billion..... Flint Reinvestment Act
$0.08 Billion..... Refugee act
$-11.025 Billion…. We Should Help Workers Act
$2.00 Billion…. Buy-Atlasian Contracting Rules
$10.00 Billion…. Appalachia Reinvestment Act
$15.00 Billion…. Reservation Reinvestment Act
Education ($73.7625 Billion)
$39.03 Billion.... Elementary, Secondary & Vocational education
$31.475 Billion.... Higher education
$3.26 Billion..... Research and general education
$0.00 Billion..... Orlando Act
$-0.0125 Billion…. Cap on certain student loans
Training, labor and unemployment ($18.536 Billion)
$7.58 Billion..... Training and employment
$1.77 Billion..... Labor law, statistics, and other administration'
$9.2 Billion...... Public Service Act
$-0.014 Billion…. Eliminated Employee Drug Tests
Atlasian Healthcare ($1261.14 Billion)
$423.77 Billion... Senior Healthcare
$44.31 Billion.... Veteran Healthcare
$12.90 Billion.... Federal employees' and retired employees' health benefits
$425.42 Billion... Medical Services
$338.85 Billion... Sliding Scale Subsidies
$15.89 Billion.... Healthcare Subsidy Office (HSO) and AtlasCare Office (ACO) Administration
Non-ANH Health Spending ($56.97 Billion)
$24.25 Billion.... Disease control, public health and bioterrorism
$28.48 Billion.... Health research and training
$4.24 Billion..... Consumer and occupational health and safety
$10.00 Billion…. Opioid Epidemic Commission
Civilian Retirement (Social Security excluded) ($138.16 Billion)
$8.23 Billion..... Civilian retirement and disability insurance
$129.93 Billion... Federal employee retirement and disability
Social Security ($903.24 Billion)
$868.63 Billion... Social Security Outlays
$34.60 Billion.... Social Security Administration
Aid to Low-Income Families ($366.50 Billion)
$40.53 Billion.... Unemployment
$39.98 Billion.... Housing assistance
$99.44 Billion.... Food and Nutrition Assistance (Food Stamps + WIC)
$169.01 Billion... Other aid to low-income families
$17.54 Billion.... Social Services
Administration of justice ($51.902 Billion)
$27.157 Billion.... Federal law enforcement
$13.938 Billion.... Federal litigation and judicial activities
$6.2687 Billion..... Federal prison system
$4.24 Billion..... Criminal justice assistance
$0.74 Billion..... Federal Penitentiary Reform Act Provisions
$-0.432 Billion…. General Criminal Justice Savings
General government administration ($3.899 Billion)
$3.66 Billion..... Legislative functions
$0.45 Billion..... Executive office programs
$12.03 Billion.... IRS & other fiscal operations
$1.567 Billion..... Other general government
$-13.20 Billion…. Government Efficiency Act
$-0.62 Billion…. Eliminated Penny
$0.002 Billion…. Mandatory Tampons in Restrooms
Interest on debt ($295.40 Billion)
$295.40 Billion... Net Interest
BASE REVENUE: $ 3724.091 Billion
Inflation Accounting: *1.018
TOTAL REVENUE: $ 3791.125 Billion
Fixed Expenditures: $ 36.05 Billion
Variable Expenditures: $ 4221.276 Billion
BASE EXPENDITURES: $4257.3264 Billion
Inflation Accounting: *1.018
TOTAL EXPENDITURES: $ 4333.318 Billion
BALANCE: $ -542.184 Billion
