FEDERAL BUDGET: FY2020
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
