Learn the facts about how federal taxes fund the government and the share Americans pay.| USAFacts
Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.| USAFacts
Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.| USAFacts
Over 93% of the Department of Veterans Affairs’ annual spending funds pensions, compensation, medical care, and education programs for veterans.| USAFacts
About $6.8 trillion in fiscal year (FY) 2024. This averages about $19,900 per person in the US. The amount the government can spend depends on the amount of revenue it collects (e.g., through taxes, customs duties, and other sources). If it has to spend more revenue than it brings in, it borrows the funds, creating debt.| USAFacts
About $4.9 trillion in fiscal year (FY) 2024. This is about $14,600 per person in the US, however individual contributions vary based on income, spending, and other factors. Government revenue is the total amount of money received from individual and corporate taxes, and other sources that are used to pay for government spending.| USAFacts
About 41.7 million people during fiscal year (FY) 2024. That’s 12.3% of the US population. Participation in the Supplemental Nutrition Assistance Program (SNAP) is determined based on household income levels. SNAP, once known as the Food Stamp program, is administered by the Department of Agriculture providing food assistance to low-income individuals.| USAFacts
The SSA projects that the trust funds supporting Social Security could be depleted by 2034, barring intervention from Congress.| USAFacts
About $1.1 trillion in fiscal year (FY) 2024. This total includes money transferred to states, tribal governments, and local governments, such as cities and counties. Federal funding helps state and local governments pay for things like infrastructure, education, and health care for low-income people. In FY 2024, these transfers made up 16.2% of all federal spending.| USAFacts