the federal budget
Download
Skip this Video
Download Presentation
The Federal Budget

Loading in 2 Seconds...

play fullscreen
1 / 17

The Federal Budget - PowerPoint PPT Presentation


  • 77 Views
  • Uploaded on

The Federal Budget. Spending Discretionary Non-Discretionary Revenue. From: http://www.irs.gov/instructions/images/12088u02.gif. 2012 Budget. White House, OMB 2013 Budget Page FY 2012 Budget. Deficit and Debt. Deficit or Surplus: Yearly account balance between spending and revenue.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' The Federal Budget' - quant


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
the federal budget
The Federal Budget

Spending

  • Discretionary
  • Non-Discretionary

Revenue

2012 budget
2012 Budget
  • White House, OMB 2013 Budget Page
  • FY 2012 Budget
deficit and debt
Deficit and Debt

Deficit or Surplus:

Yearly account balance between spending and revenue

slide5
An Analysis of the President’s Budgetary Proposals for Fiscal Year 2011: http://www.cbo.gov/ftpdocs/112xx/doc11280/03-24-apb.pdf
national debt
National Debt

National Debt: the accumulated deficits, plus other incurred debt

National Debt Clock

http://www.usdebtclock.org/

who owns the debt 2011 federal reserve information
Who owns the Debt 2011?Federal Reserve information
  • US Federal Reserve and other Government Financial Entities
  • Other Investors/Savings Bonds
  • China
  • Japan
  • Pension Funds
  • Money Market Funds/Mutual Funds
  • State and Local Governments in US
  • UK
  • Banks
  • Insurance Companies
  • OPEC nations
  • Brazil
  • Caribbean nations
  • Hong Kong
  • Canada
slide8
Federal Debt as % of GDP 1962-2072from CBO, Director’s Blog “The Long-Term Budget Outlook” http://cboblog.cbo.gov/?p=328
discretionary v non discretionary spending
Discretionary v. Non-Discretionary Spending

Discretionary: 37.5%

Non-Discretionary: 57.1%

Interest: 5.2%

From Pew Research Center http://pewresearch.org/pubs/1770/ask-the-expert-pew-research-center

slide10

Douglas W. Elmendorf, “The Budget and Economic Outlook,” February 25, 2010,http://www.cbo.gov/ftpdocs/112xx/doc11276/Final_CBO_Presentation_to_NEC_2.25.10.pdf

slide11
Social Security as a % of GDPfrom CBO, Director’s Blog “The Long-Term Budget Outlook” http://cboblog.cbo.gov/?p=328
from us government accountability office http www gao gov cghome townhall092905 img18 html
From US Government Accountability Officehttp://www.gao.gov/cghome/townhall092905/img18.html
federal spending as of gdp 1950 2010 see omb historical tables table 3 1
Federal Spending as % of GDP1950-2010 (See OMB Historical Tables, Table 3.1)

Figurefrom Peterson Foundation, excellent primer on budget: http://www.pgpf.org/Special-Topics/Spending-primer.aspx

state and federal revenue and taxes
State and Federal Revenue and Taxes
  • State revenue sources
  • Balance of federal taxes and federal spending per state
slide15

Historical Tax Rates by Income Group [NYTimes] by Catherine Mulbrandon on November 3, 2007, http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/

federal income taxes 2004
Federal Income Taxes (2004)

From, The American, American Enterprise Institute, Guess Who Really Pays the Taxes, By Stephen Moore From the November/December 2007 Issue,

http://american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-taxes

all taxes
All Taxes?

Incomes and Federal, State & Local Taxes in 2009

Shares of TAXES AS A % OF INCOME

Average Total Total Federal State and Total

Cash Income Taxes Taxes Local Taxes Taxes

Income

Lowest 20% $ 12,400 3.5% 1.9% 3.6% 12.4% 16.0%

Second 20% 25,000 7.1% 5.0% 8.7% 11.8% 20.5%

Middle 20% 40,400 11.6% 10.2% 13.9% 11.3% 25.3%

Fourth 20% 66,000 18.9% 18.9% 17.2% 11.3% 28.5%

Next 10% 100,000 14.3% 15.2% 19.0% 11.1% 30.2%

Next 5% 141,000 10.2% 11.2% 20.4% 10.8% 31.2%

Next 4% 245,000 14.2% 15.8% 21.3% 10.2% 31.6%

Top 1% 1,328,000 20.4% 22.1% 22.3% 8.4% 30.8%

ALL 68,900 100.0% 100.0% 18.0% 10.6% 28.6%

Source: Citizens for Tax Justice, http://www.ctj.org/pdf/taxday2010.pdf

ad