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2007: 13,617 2008: 14,349 2009:15,111 2010:15,906 Billions, that is
That looks like GDP, which would be read as 13.6 TRILLION dollars. The federal budget crossed $3 Trillion dollars this year for the first time, but you need to go to the Department of the treasury to see if this includes transfer payments funded elsewhere (Social Security, Medicare etc.). So, of $13,617,000,000,000 in total economic activity in 2007, just under $3,000,000,000,000 would have been Government spending.
Also, note that the GDP figure is fo Jan-Dec.
The budget is July-June, a fiscal year. Here are Government press releases: http://treasury.gov/press/accounting-and-budget.html Also, go to CIA.gov and look up the United States in the world factbook. There are also some nice charts that put the US economy in perspective.
Nice correction above...3 trill is actually about right. One thing I'd consider is simply how much the IRS handles.
To collect over $2.3 trillion they would like about $11 billion for 2008. Will likely be budgeted for much less. See link for wish list budget, and different revenues.
http://www.gao.gov/new.items/d07719t.pdf
Note: 1 trill = 1,000,000,000,000
1 bill = 1,000,000,000
So if we didn't just casually round the collections and you even just said 2.2T....that .1 T is one tenth a Trill or 100 Bill! Their budget is well within the trailing rounding! (If your thinking of arguing something like it costs more to collect taxes than it's worth).
Wiki User
∙ 16y ago
The United States spent approximately $4.79 trillion in the 2020 fiscal year. This includes expenditures on areas such as defense, healthcare, education, infrastructure, and social programs.
Wiki User
∙ 13y agoThe total budget of the US is 3.4 trillion dollars.
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