story
Neither of those numbers include any state revenue or tax.
US collects about $12Trillion in taxes total (30% ish of GDP), under $2trillion of that is given to the federal government for medicare, medicade and the military, they spend more than $5trillion, which is what they spend on medicare, medicade the military and the interest on the $37Trillion debt they have accumulated spending more than they were given by the states for medicare medicade and the military - mostly bank and insurance fund bailouts to prop up the failed US financial system, adding about $3trillion to the federal debt each year, which is why it has gone from $30trillion at the end of 2022, to $37trillion now.
Getting downvoted because I do my own research instead of believing the latest gormless chatbot, that's new.
Of that, individual income tax was about $2.4 trillion, payroll tax was $1.7 trillion, corporate income tax was $530 billion, and there's about $253 billion of "other."
Fortunately Trump hasn't destroyed revenue reporting yet. This contains info for FY2024:
https://fiscaldata.treasury.gov/americas-finance-guide/gover...
Is bad math.
Or if you spend $5.5T a year and your debt increases $3.5T you had $2T in revenue.
But here you go Medicare 2023 https://usafacts.org/articles/how-much-does-the-government-s... $848.2 billion
Medicade 2023 $606 billion https://www.kff.org/medicaid/issue-brief/medicaid-financing-...
Military 2023 https://usafacts.org/articles/how-much-does-the-us-spend-on-... $820 billion
848+620+820 = $2.2T
National debt https://www.investopedia.com/us-national-debt-by-year-749929... $30,928 end of FY 2022 $33,167 end of FY 2023
How exactly are you saying they spent 2T more than they collected in revenue again? Is this a Joe Biden forget where he put it or smth?
Meanwhile Debt now https://www.usdebtclock.org/ $36.4T =$33,167 end of FY 2023, spent $3.3T on interest, Collected and spent $2.2T on medicare,medicade and the military. = $33.1 +3.3 -2.2 +2.2 = $36.4T
good luck have fun. Im out. enjoy your fantasy economics for the few months it has left. Last group of federated states with group finances in a similar position was the USSR circa early 1991, pop quiz, can you guess what I think happens to the US next?
