I don’t know where either of you are getting your numbers. The total federal revenue is a bit under $5 trillion and about half of that is income tax.
Neither of those numbers include any state revenue or tax.
dont know where you are getting your numbers. sounds like are confusing revenue and spending. relying on some AI maybe?
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."
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?
You sure did edit the hell out of your post. Obviously you aren't operating in good faith. But I should have figured that when, in your first post, you claimed the US collects $12T in taxes without reference and then ignored my reference showing it false. Have a great week.
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.