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Out of local spending, almost 30% come from federal government grants. Only 45% of the federal tax base is income tax, and only 15% of the local tax comes from
by diziet 16y ago
Out of local spending, almost 30% come from federal government grants. Only 45% of the federal tax base is income tax, and only 15% of the local tax comes from income taxes.
Out of federal expenditures, about 45% of them are covered by defense, healthcare and medicare spending.
- grandalf 16y agoOn your first point, local spending is so small that the 30% coming from federal grants is insignificant. On your last point, the following pie chart seems to disagree: http://bit.ly/aG9Oj5 http://bit.ly/aG9Oj5
- diziet 16y agoOn your second point:What year is that data for? It looks to me as roughly 50% is covered by "Pentagon" and "Health" spending, not a far cry difference from the 45% my (seemingly outdated) economics textbook seems to show.
- grandalf 16y agoSee this chart: http://en.wikipedia.org/wiki/File:2010_Receipts_%26_Expenditures_Estimates.PNG http://en.wikipedia.org/wiki/File:2010_Receipts_%26_Expendit...