Income and Outlays Pie Charts
Summary: These pie charts show the relative sizes of the major categories of Federal income and outlays for fiscal year 2007. The items and corresponding percentages are listed:
- Under Income:
- Personal income taxes: 43%
- Social security, Medicare, and unemployment and other retirement taxes: 32%
- Excise, customs, estate, gift, and miscellaneous taxes: 6%
- Corporate income taxes: 13%
- Borrowing to cover deficit: 6%
- Under Outlays:
- Social security, Medicare and other retirement (see Footnote 1): 38%. Footnote 1: Social security, Medicare, and other retirement: These programs provide income support for the retired and disabled and medical care for the elderly.
- Social programs (see Footnote 4): 19%. Footnote 4: Social programs: About 13% of total outlays were for Medicaid, food stamps, temporary assistance for needy families, supplemental security income, and related programs; and the remaining outlays were for health research and public health programs, unemployment compensation, assisted housing, and social services.
- National defense, veterans, and foreign affairs (see Footnote 2): 23%. Footnote 2: National defense, veterans, and foreign affairs: About 20% of outlays were to equip, modernize, and pay our armed forces and to fund other national defense activities; about 3% were for veterans benefits and services; and about 1% were for international activities, including military and economic assistance to foreign countries and the maintenance of U.S. embassies abroad.
- Physical, human, and community development (see Footnote 3): 9%. Footnote 3: Physical, human, and community development: These outlays were for agriculture; natural resources; environment; transportation; aid for elementary and secondary education and direct assistance to college students; job training; deposit insurance, commerce and housing credit, and community development; and space, energy, and general science programs.
- Net interest on the debt: 9%
- Law enforcement and general government: 2%