Friday, March 6, 2020

Federal Budget

Trump's proposed $4.829 trillion federal budget spread out over 329 million people is $14,678 per citizen (man, woman, and child) in the country. Spread over 141 million taxpayers, it is 34,248 per taxpayer. The average household income in the United States is $59,000. The federal budget for a family of four is about equal to the average household income.

The actual amount of taxes collected by the Federal Government is only about 3.7 trillion dollars, leaving a deficit of about a trillion dollars.


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