@cremieuxrecueil Can find a version of this here (entered $100 as total tax bill in order to get dollars as percentages).
https://t.co/mLbr1KURSP https://t.co/dwbsGV2Tk3
@cremieuxrecueil Can find a version of this here (entered $100 as total tax bill in order to get dollars as percentages). https://t.co/mLbr1KURSP https://t.co/dwbsGV2Tk3
In the report we see that the federal government spends $877.5 billion annually on these benefits and services. And let us note that this spending does not include Social Security, Medicare, unemployment insurance, or Affordable Care Act subsidies. However, the $877.5 billion does include $467.8 billion spent on health care for the poor in programs
... See moreP.J. O'Rourke • A Cry from the Far Middle: Dispatches from a Divided Land
spending by America's Federal Government (adding in state and local governments significantly increased the total) was around 24% of national income whilst tax revenues were 15% of national income. That left a near-record peacetime budget deficit to be financed by borrowing of 9% of GDP.
Michael Green • In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)
Government consumption spending, education spending, and health care spending overlap to some extent, but in total, without double counting, they still exceed 25 percent of U.S. GDP.
Tyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
The largest nongovernmental expense in 2017 was out-of-pocket costs, including household spending on health care goods and services, such as residential and home-based long-term care provided by the private sector, totaling 16% of total spending, or $40 billion USD
Ezekiel J Emanuel • Which Country Has the World's Best Health Care?
But the United States is not spending as much as other industrialized countries on fortifying crucial social services that help make people healthy. For instance, it spends less than 10 percent of its GDP on social services, while France, Sweden, Austria, Switzerland, Denmark, and Italy all spend about 20 percent of their GDP on social services (se
... See moreElizabeth Bradley • The American Health Care Paradox: Why Spending More is Getting Us Less
An American couple bringing in the median family income—about $55,000 per year—and taking the standard deduction will pay about 15% of their annual earnings in personal income tax, another 6.5% in Social Security tax, another 2.9% for the Medicaid tax, and roughly 5% in state income tax. In addition, an average American family will pay 5% to 10% of
... See moreT. R. Reid • A Fine Mess: A Global Quest for a Simpler, Fairer, and More Efficient Tax System
Item #2: Inefficient Healthcare Spending
The United States government subsidizes the raw ingredients that go into inexpensive carbohydrate-based ultra-processed foods. For example, the high-fructose corn syrup industry gets more federal funds (via subsidies for types of corn that are bred for that purpose and inedible for corn-on-the-cob consumpti
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